Supply Chain Cyberattacks Surge: $82M Losses Spur Urgent Defense Tactics
April 10, 2024Software supply chain attacks are a growing threat, with a 2,600% increase in impacted organizations since 2018.
The financial impact is substantial, with an average annual loss of $82 million per affected organization in key sectors.
Gartner forecasts a three-fold rise in such attacks by 2025, highlighting an urgent need for improved defense strategies.
To combat these risks, experts advise a comprehensive risk management approach and careful selection and monitoring of vendors.
Key recommendations include robust cybersecurity clauses in contracts, continuous monitoring, cybersecurity training, and partnership collaboration.
CISOs and security teams must prioritize these protective measures to shield against the escalating threat of supply chain cyberattacks.
Summary based on 2 sources
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Sources
Dark Reading • Apr 9, 2024
Tips for Securing the Software Supply ChainFoley & Lardner LLP • Apr 9, 2024
Combatting Supply Chain Cyber Threats: Safeguarding Data and Protecting Digital Supply Chains | Foley & Lardner LLP