From ransomware attacks to data breaches, the threats lurking within supply chains are more pervasive than you might realize. Many security teams aren’t aware of the various supply chain cyber risks lurking within their network, most of which are difficult to detect, manage, and mitigate. Let’s explore how to achieve a more secure and resilient supply chain.

Supply chain resilience has never been more critical. Recent cyber outages have underscored a harsh reality—supply chains are vulnerable, and disruptions can have far-reaching impacts. But what does it mean to be supply chain resilient, especially in the context of cyber threats? In this post, we will explore lessons learned from recent cyber outages, offering actionable insights for enhancing supply chain resilience.

A critical problem for security and legal professionals who manage supply chain risk is that cybersecurity risks are dynamic and always shifting. You have done your due diligence and selected a vendor with strong cybersecurity controls – but how can you guarantee that your vendor maintains this type of security hygiene and doesn’t become a target and a “weak link” in your supply chain?

SecurityScorecard is excited to announce that we are now an AWS OMNIA partner. This unlocks a critical opportunity for the 90,000 buying organizations that make up the OMNIA partner network to reduce and manage Supply Chain Cyber Risks. The third party attack surface is a fast growing risk vector and SecurityScorecard offers an industry leading solution to help organizations combat these threats.

ServiceNow and SecurityScorecard have been longtime strategic partners, helping mutual customers measure and manage cyber risk. Today we’re highlighting the next phase of our partnership and innovation to help customers tackle the complex challenges associated with managing cyber risk in the third party ecosystem. Organizations struggle with prioritization, resource constraints, and the need to act quickly when responding to threats.

As global network infrastructure expands to include devices without traditional compute power, every organization’s attack surface becomes increasingly complex. Parallel to the increased complexity in the threat landscape is the increased scale and complexity of the signals and data necessary to produce meaningful cybersecurity insights. At its core, cybersecurity is a big data problem, requiring centralization of disparate data sources in uniform structure to enable continuous analytics.

Organizations increasingly rely on third parties for business operations, and as a result are working with more digital suppliers than ever. According to Gartner, 60% of organizations work with more than 1,000 third parties and this number will grow. High-profile vulnerabilities such as Log4Shell are a constant reminder of the risks posed by a breakdown in the software supply chain. This has spurred enterprises to increase the rigor of software risk assessments to ensure supply chain security.

Is cyber risk insurable? That question is often at the heart of the debate about the future of the cyber insurance industry. One of the primary drivers of that question is the insurance industry’s challenges when managing systemic cyber risk since many believe that systemic cyber risk has the potential to bankrupt the industry. While there hasn’t been a catastrophic cyber incident that has proven the skeptics right, there have been several close calls.