Supply chain attacks are on the rise—are you prepared?
In today’s interconnected world, your product cybersecurity is only as strong as your weakest link. Supply chain vulnerabilities have emerged as the top ecosystem cyber risk, with 54% of large organizations identifying them as the primary barrier to achieving cyber resilience.
Let’s dive into five key risk factors stemming from supply chain interdependencies:
1. Cyber Inequity
While large organizations have bolstered their cyber defenses, smaller entities often lag due to limited resources. This disparity creates weak points that cybercriminals are eager to exploit. A staggering 35% of smaller organizations report insufficient cyber resilience.
What can you do? Work closely with critical suppliers to ensure they meet security baselines.
2. Limited Visibility on Supply Chains
As supply chains grow more complex, maintaining oversight of suppliers’ security practices becomes challenging. This lack of visibility expands the attack surface, making it harder to enforce security standards. Chief Information Security Officers (CISOs) often cite third-party compliance as a significant hurdle in implementing cyber regulations.
What can you do? Implement robust monitoring and assessment protocols to keep tabs on your suppliers’ security postures.
3. Product Security Risks Introduced by Third Parties
Integrating third-party components, from firmware to software libraries, can introduce unforeseen vulnerabilities that jeopardize product security. Alarmingly, only 37% of organizations have a structured process to evaluate the security of third-party components before deployment. With the rapid adoption of AI and IoT, embedded security risks are escalating.
What can you do? Establish end-to-end product security frameworks, including secure development practices, continuous vulnerability assessments, and automated threat detection to ensure that third-party components do not introduce critical security flaws.
4. Dependence on Critical Providers
Relying heavily on a few critical providers can create systemic points of failure. Disruptions affecting these providers can cascade across numerous organizations and supply chains.
What can you do? Develop resilient IT architectures and business continuity plans to mitigate risks associated with such dependencies.
5. Geopolitical Impact on Supply Chains
Geopolitical tensions are reshaping cybersecurity strategies, with nearly 60% of organizations acknowledging their influence. These tensions can lead to increased cyber espionage, operational disruptions, and shifts in vendor relationships.
What can you do? Stay informed about geopolitical developments and adapt your cybersecurity strategies accordingly.
How Orbik Can Help
At Orbik Cybersecurity, we specialize in fortifying your product’s security throughout the supply chain. Our solutions are designed to:
- Security Without Blind Spots and Automated Monitoring Provides total transparency. Enables automatic alerts before a vulnerability turns into a critical issue.
- Effortless Regulatory Compliance Automated reports and documentation to meet the strictest regulations, such as CRA and IEC 62443-4-2.
- Risk and Response Time Reduction myorbik.com detects vulnerabilities before they become weak entry points. It prioritizes vulnerabilities based on criticality and context, reducing risks and response times.
Ready to safeguard your supply chain with Orbik?