SUPPLY CHAIN
An Accenture study showed that in the US
43 % of cyberattacks are aimed at small to medium-sized enterprises but that just
14 %
of such companies are adequately protected
Needle has not moved on supply chain security But the stark truth is too many businesses have a supply chain security problem . McDowell says that industry research suggests that on monitoring and mitigating cybersecurity risk in the supply chain “ the needle has barely moved in the past three years ”.
He says that with economic uncertainty “ putting pressure on budgets and cybercriminal activity escalating ” organisations “ must urgently consider how they are going to address this ”.
He adds : “ Companies must urgently consider how they ’ re going to address this issue because maintaining the status quo is simply not sufficient .
“ It ’ s a status quo whereby 97 % of companies have experienced negative consequences due to a cybersecurity breach among the external vendors and suppliers that form their supply chain .”
More concerning still says McDowell is that BlueYovant research shows that even among organisations that take steps to mitigate third-party cybersecurity risk , more than one-third of them reassess that risk
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