Most people now know far more about supply chains than they ever wanted to. Still, anyone could forgive you for not knowing the term ‘supply chain hack’. Often, when the media reports these types of attacks, they name them and broadcast the name of the company that was targeted around the world.
That has helped fuel concerns around the growing number of highly visible and impactful breaches in recent years. At the same time, it is important to understand what a supply chain threat really is.
You might think your organization’s data is secure if you check certain boxes. Do you conduct plenty of cybersecurity training sessions with more than a 90% completion rate? Do you make sure no one clicks on suspicious links? Can you spot external threats quickly? These are important to do.
With a supply chain attack, however, this approach falls short. In a supply chain attack, the hardware or software parts being sourced as a component of an app, service or other tool have been compromised. As an example, many recent attacks on high-profile companies or agencies began with the managed service providers with whom they partnered.
So, you now need to check and monitor the security of your business’ vendors and partners to minimize third-party risk. The stakes are too high to simply trust the supply chain vendors to be secure.
There are both external and internal solutions to this problem. The external solutions come from public officials and governing bodies. They may define stricter standards or nudge suppliers to embrace tighter security.
What about internal solutions? You might use data security tools that can detect strange activity and vulnerabilities in hardware and software. ..
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