The average number of supply chain breaches that negatively impact organizations increased by 26% from 2022 to 2023, according to a recent study.
The mean number of supply chain breaches increased to 4.16 incidents in 2023 from 3.29 incidents in 2022, according to the survey, “The State of Supply Chain Defense Annual Global Insights Reports 2023,” published December 11 by the supply chain threat monitoring company BlueVoyant.
Companies remain ill-equipped to understand the extent and nature of the threat to business from third-party vendors. The real challenge has emerged: getting supply chain vendors to consistently address risk promptly after being made aware of a vulnerability or security issue.
The top three challenges listed by respondents this year remain the same as in 2022. First is a lack of internal understanding across the business that third-party vendors and suppliers are part of their cybersecurity posture. Working with third-party suppliers to improve their security performance, has moved up to the second biggest pain point after ranking third in 20223. Meeting regulatory requirements and third-party cybersecurity compliance, which was ranked second in 2022,…
