Supply chain cyber security: Steps for mitigation and best practices
The digital age has brought about a double-edged sword for supply chains. On one hand, it has fostered greater interconnectedness and efficiency. On the other hand, it has opened new avenues for cyberattacks. New-age threats like cyber-ransom are emerging alongside more traditional threats like supplier risks, targeting the supply chain’s digital and physical aspects. Globalization and interconnectedness have further contributed to the significant increase in the attack surface of supply chains, and this vast number of touchpoints creates more opportunities for vulnerabilities and breaches. A supply chain crisis can devastate a business, leading to weeks of downtime, operational shutdowns, reputational damage, and financial losses. Potential vulnerabilities include unauthorized access to enterprise resource planning (ERP) systems, backdoor exploitation, open-source vulnerabilities, and malware injection within proprietary systems. However, a purely IT-centric approach to securing suppl...