The reality is the interconnected nature of today’s supply chains means security risks now extend beyond primary suppliers to third, fourth, and even eighth-party vendors, that may vary from highly organized companies with robust controls, right down to individuals who supply and service the myriad vendors and partners in the supply chain.
Our research revealed that IT leaders reported financial loss (71%), data loss (67%), reputational damage (67%), operational impact (50%), and intellectual property theft (38%) were the biggest challenges faced after an attack or vulnerability in their software supply chain in 2024.
Ultimately, how a company monitors and manages cybersecurity in its software supply chain must rely on more than just trust – and IT leaders and their suppliers must tackle the lack of visibility as a priority.
One reason for the rise in supply chain software attacks is the high level of trust IT leaders place in their suppliers.
While this degree of trust and confidence in service providers helps foster partnerships, this shouldn’t come at the expense of ignoring blind spots in the software supply chain.
