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September 12, 2024 at 10:08AM
Software supply chain attacks have become a major concern, with a 180% surge in vulnerability-based breaches in 2023. High-profile attacks like SolarWinds and Okta highlight the significant impact and lingering liabilities. Understanding and mitigating these attacks is crucial, involving processes such as SSCS and continuous code scanning to secure software supply chains. Gartner projects a substantial rise in the financial impact of supply chain attacks, necessitating proactive measures and awareness.
Key Takeaways from Meeting Notes on Software Supply Chain Attacks and Security:
1. Software supply chain attacks have increased in frequency, with a 180% surge in breaches in 2023 compared to the previous year.
2. High-profile attacks on companies like SolarWinds, Okta, and MOVEit Transfer have demonstrated the significant impact and financial cost of such breaches.
3. The SEC charged SolarWinds for misleading investors about its cybersecurity practices, indicating the enduring liabilities resulting from supply chain attacks.
4. Gartner defines software supply chain security (SSCS) as a framework encompassing curation, creation, and consumption to mitigate potential attacks on software.
5. The financial impact of supply chain attacks is projected to escalate from $40 billion in 2023 to $138 billion by 2031.
6. Measures such as mandating software bill of materials (SBOM) by the US government emphasize the need for transparency and accountability in the software supply chain.
7. To effectively manage vulnerabilities, organizations should focus on continuous code scanning throughout the software development life cycle (SDLC) and maintain a highly automated SDLC.
8. Utilizing source code analysis (SCA) tools for scanning third-party code is essential to identify components, generate SBOMs, scan for vulnerabilities, and assess risks.
9. External exposure management is increasingly critical in supply chain security, given the growing reliance on third-party services and web apps.
10. Awareness of the threat and proactive adoption of resources and technologies are crucial for organizations to protect their ecosystems from supply chain attacks in the future.