A recent supply chain cybersecurity risk assessment claims that 98% of the firms surveyed had experienced negative effects as a result of a supply chain cybersecurity breach.
97% of respondents stated that they would be negatively affected by a cyber intrusion in their supply chain in 2021. External vendors and suppliers who have access to the network that could be hacked make up digital supply chains.
2100 chief technology officers (CTOs), chief operating officers (COOs), chief security officers (CSOs), chief information security officers (CISOs), chief information officers (CIOs), and chief procurement officers (CPOs) in charge of supply chain and cyber risk management in organisations with more than 1,000 employees were interviewed for The State of Supply Chain Defense: Annual Global Insights Report from BlueVoyant and conducted by Opinion Matters. Business services, financial services, pharmaceutical and healthcare services, manufacturing, utility and energy services, and defence are a few of them.
Findings about supply chain risk in cybersecurity
According to the 2022 annual report, 40% of respondents depend on the supplier or third-party vendor to provide acceptable security. 53% of businesses reported auditing or reporting on supplier security more than twice annually in 2021; 67% reported doing so in 2022. These statistics include companies who conduct real-time monitoring.
The top three identified pain problems include working with suppliers to improve their security and internal knowledge within the company that suppliers are a part of their cybersecurity posture.
