The Importance of Supply Chain Security

The Importance of Securing the Supply Chain in the Global Business Environment

The paramount importance of robust supply chain security cannot be overstated, as organizations face an escalating array of cyber threats, geopolitical uncertainties, and unprecedented disruptions that underscore the critical need for safeguarding the integrity, resilience, and trustworthiness of their supply chains.

Supply chain security is aimed at keeping attackers from compromising the hardware or software that would lead to a downstream organization getting compromised. In other words, when suppliers are secure, they help keep their customers secure. One far-reaching example is the SolarWinds breach in 2021.

Let’s review a couple other intense cyberattack occurrences where the attack on a vendor had devastating ripple effects.  

MOVEit

The MOVEit vulnerability is a critical security issue that has affected the MOVEit Transfer and MOVEit Cloud software. The vulnerability (CVE-2023-35708) is a privilege escalation vulnerability exploitable by threat actors to take control of any affected systems. This vulnerability has been the target of exploitation, leading to a data breach and data extortion incidents. Progress Software, the developer of MOVEit, has released patches to address the vulnerability and has urged all MOVEit customers to apply the necessary updates and mitigation steps to safeguard their environments. The exploitation of this vulnerability has led to a wave of cyberattacks and data breaches, with the responsibility being attributed to a Russian cybercriminal group known as Cl0p.

Kaseya

Kaseya provides....