Supply chains are in serious danger from cybercrime, and this article breaks down the vulnerabilities organisations are facing. It highlights the critical need for better cybersecurity measures, especially in Operating Technology (OT), which is often overlooked.
Source: Supply & Demand Chain Executive
Key Points
- Supply chains face significant cyber threats, especially in OT areas like IoT and industrial control systems.
- Many supply chain organisations are underestimating the importance of cybersecurity.
- Cybersecurity spending is inadequate, averaging only 0.5% of total revenue.
- Outsourcing cybersecurity doesn’t guarantee protection; in-house capabilities are essential.
- Improved OT security measures and incident response plans are critical to preventing cyberattacks.
Why should I read this?
If you’re in the supply chain game, this article is a must-read! Cybercrime is on the rise, and the threats to your operations are evolving rapidly. Knowing the weaknesses in your cyber defence can save your organisation heaps of trouble down the line—don’t wait until it’s too late!