• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Abstract digital data streams and global network, illustrating cybersecurity threats in the supply chain. - Supply Chain News

Cybersecurity in the Supply Chain: Navigating the Threat Landscape

01/30/2023
Amara Studio Sphere Nominated for the Go Global Awards 2025

Amara Studio Sphere Nominated for the Go Global Awards 2025

10/09/2025
Business in a Box Nominated for the Go Global Awards 2025

Business in a Box Nominated for the Go Global Awards 2025

10/08/2025
European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

10/08/2025
U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

10/08/2025
Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

10/08/2025
APTMA Raises Alarm Over Rising Industrial Energy Tariffs and Impact on Competitiveness

APTMA Raises Alarm Over Rising Industrial Energy Tariffs and Impact on Competitiveness

10/08/2025
Trump Says ‘Canada Will Love Us Again,’ But Tariff Talks Continue

Trump Says ‘Canada Will Love Us Again,’ But Tariff Talks Continue

10/08/2025
Cardboard box with a red "Tariff" flag, potentially representing new trade tariffs. - Supply Chain News

Trump’s sweeping new tariffs take effect

10/07/2025
Trump imposing new 25% large truck tariff starting Nov. 1

Trump imposing new 25% large truck tariff starting Nov. 1

10/07/2025
World Bank warns US tariffs on Indian exports to slow South Asia growth next year

World Bank warns US tariffs on Indian exports to slow South Asia growth next year

10/07/2025
PayTech Group Driving Global Innovation in Payments and Financial Technology

PayTech Group Driving Global Innovation in Payments and Financial Technology

10/07/2025
Dairyking Technologies B.V. Nominated for the Go Global Awards 2025

Dairyking Technologies B.V. Nominated for the Go Global Awards 2025

10/07/2025
supplychainreport
Friday, October 10, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Cybersecurity in the Supply Chain: Navigating the Threat Landscape

by Richie
01/30/2023
in Cybersecurity in Trade, Security & Risk

The evolving cybersecurity threats targeting supply chains are a critical concern for organizations globally. These threats, which encompass malware, ransomware, and cyber espionage, can lead to data breaches, operational disruptions, and non-compliance with privacy laws and regulations. It is imperative for organizations to develop and implement robust cyber risk-mitigation and liability-reduction strategies within their supply chains to avoid these risks.

Understanding the Threat Landscape
Recent cyberattacks, such as the 2021 SolarWinds breach, underscore the vulnerability of supply chains to cyber threats. A Venafi survey revealed that 64% of businesses suspect they have been impacted by a nation-state-sponsored cyberattack. The Federal Trade Commission reports that Americans lost over $5.8 billion to fraud in 2021, a 70% increase from 2020.
The nature of cyber warfare is diverse, targeting not only defense contractors but also entities in banking, finance, healthcare, infrastructure, and technology sectors. Such attacks can result in serious disruptions, data theft, and even physical harm in cases involving critical public infrastructure or medical devices.

YOU MAY ALSO LIKE

Kantipur Security Service Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Merchant International Systems Ltd Nominated for 2025 Go Global Awards in London

To combat these threats, organizations need to:

  • Establish stringent cybersecurity agreements with third-party service providers.
  • Conduct in-depth examinations of suppliers’ own supply chains.
  • Assess past cyber incidents and current cyber risk scores of suppliers.
  • Implement robust data protection programs covering the entire data lifecycle.

Supply Chain Vulnerabilities
Despite the growing risk, many companies remain underprepared for cyber warfare, with a significant portion unaware of their vulnerabilities. Emerging regulations highlight the importance of addressing supply chain cyber risks. Failure to do so could result in substantial penalties, including fines, reputational damage, and operational disruptions. Consequences of supply chain-related cyberattacks can be severe, encompassing everything from financial losses and legal action to operational interruptions and loss of customer trust.
In response to these risks, governments are taking action. The US President’s Executive Order 14028, issued on May 12, 2022, emphasizes improving national cybersecurity and software supply chain security. Companies are encouraged to align with these evolving standards to avoid potential future liabilities.

To mitigate risk, companies should:

  • Conduct thorough supply chain risk assessments.
  • Review software code, components, and beneficial ownership.
  • Explore potential infiltration by threat actors.

The threat of cyber warfare to supply chains is a pressing concern for organizations. Proactive risk management and adherence to cybersecurity standards are essential to safeguard against potential attacks. Expertise in this area, such as that provided by Guidehouse, can be invaluable in building a resilient and secure supply chain. For further insights, Guidehouse partner and Supply Chain Risk Management expert, Rodney Snyder, offers key tips for protecting organizational supply chains and data privacy in the accompanying video.

Stay informed with supply chain news on The Supply Chain Report. Free tools for international trade are at ADAMftd.com.

#Cybersecurity #SupplyChainSecurity #CyberRiskMitigation #DataBreachPrevention #RansomwareProtection #CyberEspionage #MalwareThreats #SupplyChainThreats #ThirdPartyRisk #CyberResilience #RiskManagement #SupplyChainVulnerabilities #DataProtection #PrivacyCompliance #CybersecurityStrategy #SupplyChainCyberSecurity #ExecutiveOrder14028 #CyberWarfare #CyberAttackPrevention #OperationalDisruption #RiskAssessment #SupplyChainRiskManagement #Guidehouse #RodneySnyder

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.