Research conduced world-wide initiated by BlueVoyant, a cyber defense company, revealed that 98% of firms surveyed have been negatively impacted by a cybersecurity breach that occurred in their supply chain. This is up slightly from 97% of respondents last year. Digital supply chains are made of the external vendors and suppliers who have network access that could be compromised.
“The survey shows that supply chain cybersecurity risk has not decreased and, in fact, more enterprises than ever have reported being negatively impacted by a cybersecurity disturbance in their supply chain,” said Adam Bixler, BlueVoyant’s global head of supply chain defense. “The good news is that across industries and regions, organizations are making supply chain defense a priority, but these organizations need to better monitor suppliers and work with them to remediate issues to reduce their supply chain risk.”
- Study finds 98% of surveyed enterprises say they have been negatively impacted by a cybersecurity breach in their supply chain, an increase from 2021.
- 40% of respondents rely on the third-party vendor or supplier to ensure adequate security.
- In 2021, 53% of companies said they audited or reported on supplier security more than twice per year; that number has improved to 67% in 2022. These numbers include enterprises monitoring in real time.
- Budgets from supply chain defense are increasing with 84% of respondents saying their budget has increased in the past 12 months.
- The top pain points reported are internal understanding across the enterprise that suppliers are part of their cybersecurity posture, meeting regulatory requirements, and working with suppliers to improve their security.
- In manufacturing, 64% of respondents say that supply chain cyber risk is on their radar and 44% say they have established an integrated enterprise risk management program.