Number of Cyber Attacks on Third-Party Suppliers Doubled in 2024
The landscape of cyber threats is becoming increasingly challenging to navigate. In 2024, the number of cyber attacks targeting third-party suppliers has doubled, raising significant concerns for businesses reliant on external partners.
This surge comes amid the rapid growth of the multibillion-dollar ransomware sector, which continues to boom globally. Cybercriminals are increasingly exploiting vulnerabilities in supply chains to gain access to larger networks and critical data.
As organizations bolster their defenses, experts emphasize the importance of robust third-party risk management and comprehensive cybersecurity strategies. Failure to address these emerging threats could result in severe financial and reputational damage.
Staying vigilant and investing in advanced security measures are imperative steps for companies aiming to safeguard their operations against this evolving threat landscape.
https://www.ft.com/content/dd59b848-67c2-4622-a1e4-555b77196197
