The past two years have delivered major disruptions for supply chains. The pandemic pushed supply chain attack issues front-and-center, with disruptions up 67% in 2020 and problems expected to persist as global markets adjust to ‘new normal’ operations.
Increasing reliance on digital supply solutions, however, has also set the stage for increasing supply chain attacks. These attacks are expected to increase four-fold in 2021.
Here’s what enterprises need to know about supply chain threats. Check out the current state of supply chain security, plus what steps you can take to reduce total risk.
What Is a Supply Chain Attack?
A supply chain attack occurs when threat actors compromise enterprise networks using connected applications or services owned or used by outside partners, such as suppliers. Sometimes, experts also refer to these as third-party or value-chain attacks.
For threat actors, the appeal of supply chain attacks is trust. Applications and services used by enterprises have often been trusted and vetted by security teams. So, they often have access to sensitive or valuable internal data. If attackers can move sideways from connected supply chain apps into the larger enterprise network itself, they could steal, encrypt or destroy critical data and cost companies millions in both repair costs and reputation damage.
As networks grow, this problem compounds. Third-party suppliers are often using software from other business partners, who in turn have their own outside app connections. Therefore, a supply chain attack may start several companies removed from the intended target, making it harder to spot.
A successful supply chain attack can be a ma ..
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