#Supply chain risk manager software#
#Supply chain risk manager mac#

Due to low price points, typically short product life cycles, and low barriers to market entry, IoT devices often offer either limited security updates, or none at all.

#Supply chain risk manager mac#

The proliferation of IoT devices has presented security challenges – where Windows and Mac have had years to improve enterprise updates, it’s all too common for IoT manufacturers to launch products with little to no focus on security.

Supply chain risk is being complicated in several ways: IoT devices are rapidly growing in number Many factors are contributing to an increasingly unorthodox supply chain threat, threatening the stability and reliability of these critical supply chain partners. Organizations are dependent on a variety of partners, both foreign and domestic – cloud service providers to keep data safe, airlines and trucking companies to keep deliveries coming, IT contractors to keep technology working, and much more. Security leaders must rethink cyber supply chain risk, forming a strategy appropriately considering the modern attack surface. SaaS products offered by your supply chain partners will continue to be found vulnerable, threatening the confidentiality, integrity, and availability of your sensitive data. BitSight found that nearly 200,000 organizations were potentially vulnerable to the recent Atlassian zero-day vulnerability.

#Supply chain risk manager software#

The risks do not stop at IoT devices – enterprise software solutions continue to be found vulnerable. In this climate, organizations could be unknowingly exposed to one or more critical supply chain risks. This rapid growth coupled with subpar security standards across the IoT spectrum means it is likely that many more devices have vulnerabilities yet to be discovered. IoT devices are proliferating worldwide, predicted to reach 31 billion units by 2025, up from 14 billion in 2021. The news was yet another indication that Internet of things (IoT) devices are rapidly disrupting the status quo of supply chain risk management. This means organizations relying on a third party using the MV720 could see deliveries abruptly come to a halt, presenting threats of financial loss, reputational damage, and of course supply chain disruption.

BitSight recently discovered critical vulnerabilities in a popular vehicle GPS tracker (MiCODUS MV720) potentially allowing hackers to remotely disable entire fleets of corporate supply vehicles, among other things. Recent events suggest supply chain risk may be more complicated than once thought. Whether that risk originates from a third party’s poor patching cadence, botnet infections, or via other areas of concern, the cybersecurity performance of your supply chain partners can significantly impact your organization. Third parties can present risk to your organization in a multitude of ways. Organizations must rethink supply chain risk Let’s analyze the evolving landscape, and highlight key shifts important to your organization. The modern attack surface is expanding, presenting new challenges to the status quo of cyber supply chain risk management. Those with existing programs should promptly reassess the program’s priorities to better align with today’s expanding attack surface. Organizations must rethink supply chain risk, prioritizing the formation of a modern cyber supply chain risk management program.Given the opacity of IoT security, BitSight suspects many other IoT devices to be vulnerable to exploitation. Billions of Internet of things (IoT) devices worldwide present a new cybersecurity era, creating unorthodox supply chain threats that are difficult to identify and manage.Organizations relying on third parties using this device could experience business disruption, significant financial loss, and reputational damage if a hacker successfully disables a supply chain partner’s vehicles. The discovered vulnerabilities could present significant threats to an organization’s supply chain.On July 19th 2022, BitSight announced it had discovered critical vulnerabilities in a popular vehicle GPS tracker (MiCODUS MV720) potentially allowing hackers to remotely disable entire fleets of corporate supply vehicles, thereby inducing supply chain disruptions.