Cyber attacks on supply chains are on the rise

According to experts, cyber attacks on the supply chain have been increasing sharply in recent years. Data theft, cyber terrorism, and malware installation are posing a huge threat to supply chain management.

A supply chain attack is a form of cyber attack that targets a business through its suppliers.The larger or more complex the supply chain, the higher the risk of being attacked.The consequences are varied, from information leakage, disturbance or disruption of business activities, declining revenue, to affecting brand reputation, loss of opportunities to invest …

Cyber attacks on the supply chain are becoming a trend.Late last year, Bkav experts predicted that supply chain attacks would continue to be a popular trend and an ideal target for hackers in 2022.

The main cause of supply chain attacks is due to the lax security in the operation process, cooperation between the parties.Specifically, many businesses give suppliers access to “sensitive” information, which itself can affect the business when exposed.A exploited supplier can have a broader impact on partners.

In recent years, supply chain attacks have been on the rise.

In a recent article on the rise of cyber attacks on the supply chain, Mr. Jonathan E.Savoir, co-founder and CEO of Quincus, a software solutions business dedicated to addressing supply chain challenges across the globe, said: “Supply chain management is threatened by cyberattacks.According to Gartner, by 2025, up to 45% of organizations worldwide will experience attacks on their software supply chains, a threefold increase from 2021.

More than 30,000 organizations worldwide have been affected by the SolarWinds cyber attack by 2020.A sponsored attacker inserted malicious code into SolarWinds’ Orion software, which is installed by major companies across the globe as well as national and multinational organizations, opening a “backdoor” for intruders undetected for several months.

In other countries, supply chain risks have become national security concerns.In the UK, for example, the National Cyber Security Centre has provided a range of supports to help organisations assess their security risks.furnish. Similarly, the Australian Cyber Security Centre has issued guidance for businesses in identifying and managing cybersecurity risks in the supply chain.

Emphasizing the safety of supply chains is becoming increasingly important, Mr. Jonathan E.Savoir said that businesses need to step up security measures and patch vulnerabilities.At the same time, it is necessary to recognize ourselves as part of the vast supply chain ecosystem, expanding to the digital environment.Reduce complexity and cumbersomeness through enhanced system integration with partners in the supply chain.

The expert pointed out: The cost of ensuring cybersecurity is not cheap, but it is extremely necessary – like locking the door when we leave the house and we always do without hesitation.Nowadays, protecting the network is becoming even more important.Supply chain partners will make tougher demands on how companies address cybersecurity challenges, and businesses need to be ready to meet that demand.

More than ever, data theft, cyber terrorism, and malware pose a huge threat to supply chain management.”The risk will be minimized if cybersecurity operations are tailored, including disaster recovery drills between trusted vendors and planning to disconnect critical machines from external networks.It takes the efforts of a whole team,” said Jonathan E.Savoir recommends.