How can Disruptions in Supply Chain Affect Businesses?

Since the epidemic upended the world in 2020 and 2021, supply chain problems are something we’ve all become accustomed to. It is a general phrase that covers a wide range of product substitutes and shortages. Manufacturers provide subpar substitutes for many of the essential things we rely on, while producers can’t manage to get the specific product to market. Additionally, if you can even identify the specific service you’re looking for, you could have to wait months to obtain it.

But these aren’t the only problems we’ve been having with the supply chain. Hackers and other cybercriminals have discovered new opportunities in supply chains that are taking advantage of them for profit and amusement. In recent years, hackers are targeting DoD contractors by exploiting their IT infrastructure. Cyberattacks on DoD supply chain has already cost the federal government in billions. Thus, the need for cybersecurity compliance like NIST, DFARS, and CMMC has been made compulsory for DoD contractors.  Given the complexities of such compliance, the demand for CMMC consulting Virginia Beach firms has gone up.

What is a Supply Chain Attack?

According to Investopedia, a supply chain is a network between a business and its suppliers that produces and delivers a certain product to the customer. A variety of activities, individuals, organizations, information, and resources are included in the network.

According to a common interpretation, a supply chain assault happens when a criminal or other bad actor takes advantage of a contractor or supplier who is part of your supply chain and has permission to connect your network, systems, and data. The hacker gains access to your supplier’s network, after which they can enter your network and steal your data. Additionally, you are not the only victim of a supply chain attack; any customers who are upstream from the compromised supplier may also suffer losses.

Furthermore, due to widespread outsourcing and collaboration by both large and small organizations, an increasing number of suppliers have legal access to their clients’ networks, systems, and data. Cybersecurity is essential everywhere in this highly linked world. But even if you believe in the cybersecurity of your own business, how confident are you in the security initiatives of your various suppliers? Do you have any idea how secure their system is? 

Have they used, for instance, one of the widely used, all-inclusive cybersecurity frameworks from NIST, PCI, or ISO suggested by CMMC consultant?

Hackers employed by malignant nation-states have solid resources and the expertise to exploit network weaknesses. 

Typical Supply Chain Attacks

Recent supply chain attacks had one thing in common: technology, including equipment, firmware, and software. Suppliers to those buyers are tech corporations that produce or create these technological components for sale to other businesses. They are a part of the supply chain for each buyer.

Supply chain assaults are a popular target for these technological companies. This is due to the potential for disastrous spillover effects throughout the buyer ecosystem if a single development or production company—the supplier—is maliciously compromised.

Let’s take the scenario where one of a software development company’s commercial software products gets compromised by malicious code. When end-user businesses buy or rent the software, implement it, and start using it, the malicious code starts acting as intended. The hackers implanted the malware for their advantage are a potential threat to every organization using the compromised software.

This can happen to software development tools, software updates, specific code in hardware and firmware, and even smart devices like phones, USBs, and medical equipment. The more prominent a product or software application is, the more people use it, and the hackers can do more harm across a supply chain.