Businesses facing supply chain risks, but only a third have visibility.
A third of businesses have no way of knowing when a cyber security incident occurs within their supply chain.
According to research from BlueVoyant, 34 percent of business lack visibility, whilst 66 percent say that third-party cyber security risk management is either not a priority, or somewhat of a priority. However 92 percent of respondents say their budget increased for third-party cyber security risk management programmes.
The survey of 2,100 C-suite leaders - responsible for supply chain and cyber risk management - found that 95 percent of UK organisations say they were negatively affected by supply chain cyber incidents in the past 12 months.
Robert Hannigan, BlueVoyant head of international business Europe and Middle East, and former director of GCHQ, said: “Despite the risks, awareness and prioritisation of these issues remains low, while breaches continue to happen.
“The importance of managing risk across the supply chain cannot be understated. Not just from a brand and security perspective, but also with growing EU regulations such as NIS2 and DORA which call for better risk management, particularly across the supply chain, this is a strategic imperative.”
Written by
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
