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01/18/2022

The Supply Chain Needs Better Cybersecurity and Risk Management

The State of Security

The supply chain is under a historic amount of pressure, but the strain on its cybersecurity and risk management may be in even worse condition. As 2021 draws to a close, the global supply chain is in a state comparable to rush-hour traffic in bad weather. Everything seems to be backed up whether due to supply and demand issues, wait times at shipping ports, or any number of other delays.

If the supply chain is going to have any chance at recovery in the near future, organizations need to address cybersecurity and risk management. This is because cybersecurity and supply chain efficiency are closely intertwined.

Cybercrime and the Supply Chain Crisis

Cybersecurity and risk management have always been vital for the flow of any business. However, the current condition of the global supply chain makes it exceptionally vulnerable to severe damage from an attack more so than usual. When the supply chain is barely getting by, criminals are more likely to assume they have leverage over businesses. A ransomware attacker may be more brazen and exercise higher demands than they might have a few years ago.

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