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Software Supply Chain Attacks: The Billion-Dollar Bug You Can’t Ignore
Software supply chain attacks are skyrocketing, with a 180% increase in breaches in 2023. From SolarWinds to Okta, these attacks highlight the critical need for robust software supply chain security. Organizations must act now to mitigate risks and protect their ecosystems.
Hot Take:
Software supply chain attacks are like the ultimate game of Whac-A-Mole: just when you think you’ve nailed one down, three more pop up, and now they come with SEC fines and ransomware notes. It’s time we upgrade our mallets, folks.
Key Points:
- Software supply chain breaches surged by 180% in 2023 compared to 2022.
- 15% of breaches involved third parties or suppliers.
- High-profile attacks include SolarWinds, Okta, and MOVEit Transfer tool.
- SEC charged SolarWinds for misleading investors about its cybersecurity practices.
- Gartner projects the financial impact of supply chain attacks to hit $138 billion by 2031.
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