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

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

  • Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

    Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now

  • AI Used as Part of Sophisticated Espionage Campaign

    A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now

  • Why the Future of Video Security Is Happening Outside the Cloud

    For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now

Most   Popular

New Products

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.