Information Security Risks and Threats of Supply Chain Risk Management (SCRM)

As supply chains become more complicated and span across the world, they face more types of information security threats and attacks. These threats and attacks can significantly impact the functioning of a supply chain, as well as your organization’s image and profits.

Here are some of the most common types of information security risks and attacks that your supply chain is facing today:

Data breaches: A data breach is a general term used when unauthorized individuals gain access to sensitive information, such as financial data, customer information, or confidential business information. Data breaches can occur due to poor security practices, weak passwords, and unpatched software vulnerabilities. They can also occur as a result of malicious attacks, such as phishing scams, malware, and hacking.

Cyber espionage: Cyber espionage is a type of data breach that occurs when an attacker targets a whole organization to gain access to sensitive information, such as trade secrets, intellectual property, and confidential business information.

Supply chain attacks: A supply chain attack occurs when an attacker targets an organization’s supply chain specifically to gain access to sensitive information or to disrupt the organization’s operations.

Ransomware attacks: Ransomware is a type of malware that encrypts an organization’s files and demands a ransom in exchange for the decryption key.

DDoS attacks: Distributed Denial of Service (DDoS) attacks involve overwhelming a website or network with traffic in order to disrupt the organization’s operations.

Advanced Persistent Threats (APT): APT is a type of cyberattack that is carried out over an extended period and is designed to gain access to sensitive information.

It is essential for organizations to understand how these possible attacks may affect their supply chains and take steps to implement a comprehensive security program.