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Amid companies of all sizes and purposes facing increasingly sophisticated cyberattacks the world over, prioritizing cybersecurity in-house is now a necessity. For those that rely on supply chains, however, security risks extend far beyond their own.

Between 2021 and 2023, research indicates a significant increase – approximately 431 percent – in cyberattacks targeting firms that rely on supply chains. What’ s more concerning, however, is that there are no signs of these attacks slowing down.

Supply chain companies are becoming increasingly aware that they need to be even more resilient in the face of cyberattacks that could bleed through to vendors and third parties.

Why cybersecurity is a supply chain issue

Supply chain cyberattacks are increasing in volume at dramatic rates, coupled with the fact that attackers are using new and more sophisticated attack vectors to break into supply chain dependent firms. These new attack vectors are driven and powered by foundations rooted in generative AI, automation, DDoS attacks and phishing, the latter of which relies on confidence tricks

Supply Chain World Volume 12 Issue 4 | Page 18

Amid companies of all sizes and purposes facing increasingly sophisticated cyberattacks the world over, prioritizing cybersecurity in-house is now a necessity. For those that rely on supply chains, however, security risks extend far beyond their own.