Cybersecurity Chaos: Software Supply Chain Attacks Surge, Exposing Weak Links

Software supply chain attacks are the cybercriminals’ dream team strategy, targeting large organizations with ease. BlackBerry’s report reveals 74% of companies were notified of such attacks in the past year. Despite heightened defenses like data encryption and multi-factor authentication, suppliers often become the Trojan horse,…

Hot Take:

Who needs enemies when your software supplier can turn into a Trojan horse without even realizing it? It’s like finding out your friendly neighborhood pizza delivery guy is secretly working for an evil overlord. Time to ask for ID from everyone, including software suppliers!

Key Points:

  • A whopping 74% of companies experienced software supply chain attacks or vulnerabilities in the past year.
  • More than half of these companies are upping their game with data encryption and regular staff training.
  • 43% of respondents have adopted multi-factor authentication (MFA) to beef up security.
  • Despite these efforts, 68% of IT leaders trust their software supplier’s cybersecurity policies, with almost all respondents (98%) expressing confidence in their suppliers.
  • Organizations hit by these attacks suffer financial loss, data loss, reputational damage, and operational impacts, with some taking up to a month to recover.

Membership Required

 You must be a member to access this content.

View Membership Levels
Already a member? Log in here