3 Things You Need to know About Supply Chain Attacks
13 July 2023
Supply chain attacks have become a growing concern for organisations across various industries.
These attacks target the systems and processes that facilitate the delivery of goods and services, aiming to exploit vulnerabilities in the supply chain to gain unauthorised access to or compromise sensitive information.
To protect your business from these evolving threats, here are three essential things you need to know about supply chain attacks.
1. An ever-expanding threat landscape
Supply chain attacks have witnessed a significant rise in frequency and sophistication in the last 12 months. Attackers have shifted their focus from directly targeting organisations to infiltrating their supply chain partners. By compromising a trusted vendor or supplier, attackers can gain a foothold in an organisation’s network, often bypassing traditional security measures.
The repercussions of such attacks can be devastating, including data breaches, intellectual property theft, disruption of operations, and reputational damage. All you need to do is look at the impact of the MOVEit file transfer hack, which has seen hundreds of companies exposed through third-party software.
2. Attack vectors and techniques
Supply chain attacks can take various forms, each exploiting different weak points. One common technique is the injection of malicious code or malware into software updates or applications distributed by trusted vendors. When the unsuspecting recipient installs the update, the malware gains access to their system. Another approach is the compromise of hardware components during the manufacturing process, where attackers implant backdoors or tamper with the hardware to gain unauthorised access later on.
Attackers may also employ social engineering tactics, such as spear-phishing emails or targeted communication, to trick employees within the supply chain into revealing sensitive information or providing access credentials. Zero-day exploits further amplify the risk, making it crucial for organisations to remain vigilant and implement robust security measures.
3. Mitigation and prevention
To effectively mitigate the risks associated with supply chain attacks, organisations must adopt a multi-layered approach to security. Here are some key measures to consider:
- Vendor management: Implement a thorough vendor assessment and due diligence process. Regularly evaluate the security posture of your supply chain partners, including their software development practices, security controls, and incident response capabilities.
- Secure development lifecycle: Collaborate closely with software vendors and insist on secure development practices, such as code reviews, penetration testing, and adherence to industry best practices and security standards.
- Continuous monitoring: Implement robust monitoring mechanisms to detect suspicious activities within your supply chain. This includes monitoring network traffic, system logs, and user behaviour to identify any potential signs of compromise.
- Employee education: Train employees across the supply chain on security awareness, emphasising the importance of identifying and reporting potential threats. Regularly update them on the latest attack techniques and provide guidelines for safe computing practices.
- Incident response: Develop a comprehensive incident response plan that includes supply chain attack scenarios. This should outline the steps to take in the event of a breach, including containment, investigation, and recovery procedures.
With a proactive approach and a commitment to cyber security, organisations can safeguard their operations, protect customer data, and maintain trust.
Source: Cyber Connect