In today’s interconnected digital world, the idea of having a secured “perimeter” surrounding your company’s information is rapidly becoming obsolete. A new breed of cyberattack, the Supply Chain Attack, has emerged, exploiting the complex web of software and services that businesses rely on. This article dives deep into the world of supply chain attacks, looking at the increasing threats to your business, its vulnerability, and the most important steps you can take in order to fortify your defenses.
The Domino Effect – How a tiny flaw can ruin your business
Imagine the following scenario: your business does not utilize an open-source software library that has been identified as having a security flaw. However, the data analytics service provider that you rely heavily on has. This seemingly minor flaw can become your Achilles’ ankle. Hackers use this flaw to gain access to the systems of service providers. Hackers have the opportunity to gain access to your company by using a third-party, invisible connection.
The domino effect is an excellent illustration of the pervasive character of supply chain hacks. They target the interconnected ecosystems companies rely on, and infiltrate seemingly secure systems through weaknesses in open-source software, partner software, libraries as well as cloud-based services (SaaS).
Why Are We Vulnerable? Why Are We Vulnerable?
Attacks on supply chain systems are a result of the same causes that fuelled the digital economy of today – the increasing adoption of SaaS and the interconnectedness among software ecosystems. The ecosystems that are created are so complicated that it’s hard to track all the code which an organization could interact with at least in an indirect manner.
Beyond the Firewall Traditional Security Measures Fall Short
It’s no longer enough to rely solely on traditional cybersecurity measures to secure the systems you are using. Hackers are able bypass the perimeter security, firewalls, and other security measures to break into your network through trusted third-party vendors.
Open-Source Surprise There is a difference between free and paid code. free code is created equal
Another issue is the overwhelming popularity of open-source software. Although open-source software libraries are an excellent resource, they can also pose security risks because of their popularity and dependance on developers who are not voluntarily involved. Insecure libraries can expose many organizations who have integrated them into their systems.
The Hidden Threat: How To Recognize a Supply Chain Threat
Supply chain attacks can be difficult to spot due to their nature. However, certain warning signs can raise red flags. Strange login attempts, unusual activity with your data, or unexpected updates from third-party vendors might suggest that your system is affected. An incident of serious security at a library, or service provider that is used widely will also trigger you to act immediately.
Designing a Fishbowl Fortress Strategies to Limit Supply Chain Risk
What can you do to increase your defenses? Here are some crucial actions to consider:
Perform a thorough assessment of your vendor’s cybersecurity methods.
Cartography of Your Ecosystem Make the map that covers all libraries, software, and services your organization employs, either directly or indirectly.
Continuous Monitoring: Watch your system for any suspicious activity and follow security updates from every third-party vendors.
Open Source With Caution: Use caution when integrating any open-source libraries. Choose those with established reputations and an active maintenance community.
Transparency creates trust. Encourage your vendors’ adoption of solid security practices.
Cybersecurity in the Future Beyond Perimeter Defense
The increasing threat of supply chain attacks necessitates change in the way companies take on cybersecurity. A focus on protecting your security perimeters isn’t enough. Companies must take an integrated approach by collaborating with vendors, fostering transparency within the software ecosystem, and proactively protecting themselves from risks in their digital supply chain. Being aware of the dangers of supply chain attacks and enhancing your security can help ensure your business’s protection in a more interconnected and complicated digital world.
