Supply Chain Attacks on the Rise as Organizations Struggle to Close the Gaps

Supply Chain Attacks on the Rise as Organizations Struggle to Close the Gaps

Global research company CrowdStrike surveyed over a thousand IT decision-makers and found companies awarness to combat supply chain attacks.

  • By Sydny Shepard
  • Jul 23, 2018

When one thinks about securing an organization, they often think of the physical security of the building around the organization. Now, in the world of data breaches and cyber attacks, a company can no longer afford to turn a blind eye to its infrastructure and networks.

Global research company CrowdStrike surveyed 1,300 IT decision-makers and IT professionals in the US, Canada, UK, Mexico, Australia, Germany, Japan and Singapore across major industry sectors to determine the mindset across organizations when it came to supply chain attacks, like NotPetya and the breaches that affected Target and Equifax.

The survey discovered that although nearly 80 percent of respondents believe software supply chain attacks have the potential to become one of the biggest cyber threats over the next three years, few organizations are prepared to mitigate the risks.

Specific findings from the survey include:

  • 1,300 respondents found that two in three said their organization experienced a software supply chain attack in the past 12 months.
  • The majority (87%) of those that suffered a software supply chain attack had either a full strategy in place, or some level of response pre-planned at the time of their attack. But attacks are still successful, which indicates that the strategies and technology currently in place aren’t stopping them.
  • 90 percent confirmed they incurred a financial cost as a result of experiencing a software supply chain attack in the past, with the average cost of an attack at $1.1 million dollars
  • 80 percent of U.S. respondents said supply chain attacks have the potential to become one of the biggest cyber threats over the next three years
  • Just 37 percent of respondents in the U.S. said their organization has vetted all suppliers, new or existing, over the past 12 months
  • 44 percent plan to use Artificial Intelligence/Machine Learning to fight software supply chain attacks in the next 12 months

The survey points out that even though threats can occur in every sector of the economy, the industries that mostly experience thee attacks are biotechnology and pharmaceuticals, hospitality, entertainment and media and IT services.

Visit CrowdStrike to learn more about the Securing the Supply Chain Survey.

About the Author

Sydny Shepard is the Executive Editor of Campus Security & Life Safety.

Featured

  • Empowering and Securing a Mobile Workforce

    What happens when technology lets you work anywhere – but exposes you to security threats everywhere? This is the reality of modern work. No longer tethered to desks, work happens everywhere – in the office, from home, on the road, and in countless locations in between. Read Now

  • TSA Introduces New $45 Fee Option for Travelers Without REAL ID Starting February 1

    The Transportation Security Administration (TSA) announced today that it will refer all passengers who do not present an acceptable form of ID and still want to fly an option to pay a $45 fee to use a modernized alternative identity verification system, TSA Confirm.ID, to establish identity at security checkpoints beginning on February 1, 2026. Read Now

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

Most   Popular

New Products

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.