Supply chain attacks on the rise, costing businesses more year on year as organizations failing to implement zero trust strategies.
This is according to IBM’s new Cost of a Data Breach report, which found that one in five breaches occurred because of a compromise at a business partner, with a supply chain breach taking on average 26 days longer to identify and contain than the global average.
The total cost of a supply chain compromise was $4.46 million – 2.5% higher than average.
The report also found that the global average cost of a data breach has hit an all-time high of $4.35 million – up nearly 13% over the last two years.
“Seventeen per cent of breaches in critical infrastructure organizations occurred due to a business partner being initially compromised – this shows us that organizations need to put more focus on the security controls that govern third party access,” John Hendley, head of strategy at IBM Security X-Force told The Daily Swig.
Zero trust, zero problems?
Critical infrastructure organizations such as financial services, industrial, transportation, and healthcare companies are a growing target for these attacks, says IBM, and zero trust is the best way to guard against attack.
“Organizations need to be more vigilant than ever and closely scrutinize these external points of access into their environment, whether that’s through direct network access, applications, or even physical access,” says Hendly.
“Supply chain attacks are of great concern, both because of how insidious they are and how extreme their impacts can be. We saw this play out with SolarWinds, and we’ll surely see more of these attacks in the future.”
Supply chain attacks on the rise, costing businesses more year on year as organizations failing to implement zero trust strategies.
This is according to IBM’s new Cost of a Data Breach report, which found that one in five breaches occurred because of a compromise at a business partner, with a supply chain breach taking on average 26 days longer to identify and contain than the global average.
The total cost of a supply chain compromise was $4.46 million – 2.5% higher than average.
The report also found that the global average cost of a data breach has hit an all-time high of $4.35 million – up nearly 13% over the last two years.
“Seventeen per cent of breaches in critical infrastructure organizations occurred due to a business partner being initially compromised – this shows us that organizations need to put more focus on the security controls that govern third party access,” John Hendley, head of strategy at IBM Security X-Force told The Daily Swig.
Zero trust, zero problems?
Critical infrastructure organizations such as financial services, industrial, transportation, and healthcare companies are a growing target for these attacks, says IBM, and zero trust is the best way to guard against attack.
“Organizations need to be more vigilant than ever and closely scrutinize these external points of access into their environment, whether that’s through direct network access, applications, or even physical access,” says Hendly.
“Supply chain attacks are of great concern, both because of how insidious they are and how extreme their impacts can be. We saw this play out with SolarWinds, and we’ll surely see more of these attacks in the future.”
