Cyber Threat Grows With Rise of Digital Supply Chains

The rise of the digital supply chain has brought countless new opportunities and efficiencies for companies, helping them evolve to meet the modern customers’ demanding expectations for speed and service. However, the digital supply chain also has brought with it fresh and uniquely dangerous security risks for companies to monitor and manage.

“As companies transition to a digital supply chain, the traditional supply chain risks are still there, but there are all these new risks coming up, too,” said Craig Moss, a director of the Cyber Readiness Institute and the Digital Supply Chain Institute and executive vice president of Ethisphere.

“Cybersecurity issues and data loss or information security issues are an enormous and growing threat to companies.” According to a Harvard Business Review article, Sonatype estimated an increase in digital supply chain attacks of 400% between July 2019 and March 2020 compared to the previous four years combined. The seriousness of these attacks is clear—a Verizon study estimated that 60% of small- and medium-sized organizations go out of business within…

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