04 Apr Software Supply Chain Attacks Can Target An Entire Industry Through One Company
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in Forbes
Sausalito, Calif. – Apr. 4, 2024
The recent exploitation of vulnerabilities in Ivanti’s VPN solutions underscores the growing risk organizations face across their software supply chains, writes Christy Wyatt, CEO at Absolute Software, in a Forbes article.
The Record reports that Ivanti CEO Jeff Abbott published an open letter and 6-minute video to customers pledging to overhaul how the technology-management company builds its products and how it communicates with customers about vulnerabilities.
According to Cybersecurity Ventures, the annual cost of software supply chain attacks on businesses worldwide will rise to $60 billion by 2027, up from $46 billion. Gartner predicts that 45 percent of organizations globally will have experienced software supply chain attacks by next year.
Whether as an organization you have deployed a security stack or one controlled by a “super-agent” that represents a single point of failure, bad actors need only find one way in, according to Wyatt. Once they find that single vulnerability, they can target an entire industry through one company.
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