hometechnology NewsSupply chain attack — A potential cybersecurity blind spot

Supply chain attack — A potential cybersecurity blind spot

With a global economy mired in rising nationalistic fervour, geopolitical instability, post-COVID disturbances, and financial turmoil, companies have been forced to rework their physical supply chains in response to these global uncertainties. However, there is a blind spot regarding potential vulnerabilities in the technologies companies have developed and implemented.

By CNBCTV18.com Contributor Oct 18, 2022 6:41:20 AM IST (Published)

6 Min Read

For the past few decades, globalisation has been the norm, with integrated supply chains across continents facilitating the delivery of products and services. Governments and enterprises have spent years finetuning the kinks to ensure that supply chains are cost- and time-optimal. The driving philosophy in some was “A chain is no stronger than its weakest link”, the quote which first appeared in an essay by Scottish philosopher Thomas Reid in 1786.
While the quote is a good two hundred-plus years old, its relevance today is high because of a global economy mired in rising nationalistic fervour, geopolitical instability, post-COVID disturbances, and financial turmoil. Companies have been forced to rework their physical supply chains in response to these global uncertainties. However, there is a blind spot regarding potential vulnerabilities in the technologies companies have developed and implemented.
The genesis
Digital initiatives are integral to how governments, enterprises, and citizens operate today. Every industry legacy or new age seems to have a “tech” add-on next to it, e.g., edtech, govtech, agritech, fintech, etc. These technology transformations combine hardware, software, appliances, and services provided by players big and small from around the world. To add to the complexity, they are procured and managed independently by various parts of the organisation, resulting in a heterogeneous and often unaccounted footprint.