Three supply-chain resilience factors will therefore impact 2024:

    • Critical infrastructure
      In the event of critical infrastructure attacks, a nation’s citizens may be unable to work, attend school, or at a more basic level, obtain the resources that are essential to survival. Now the poster child of critical infrastructure attacks and supply chain fallout, the infamous Colonial Pipeline attack of 2021 resulted in mass-panic around energy resources, placing businesses and individuals in harm’s way. Ultimately, the incident has reinforced the need to proactively address supply chain security.

    • Europe’s NIS2
      In the European Union, the Network and Information Security Directive (NIS2), which takes effect in October of 2024, includes provisions pertaining to supply chain security. Individual companies are required to address the security of supply chains and supplier relationships. EU member states will be able to carry out coordinated risk assessments of critical supply chains, meaning that much will be subject to serious scrutiny. With new legal frameworks coming into place, it will be more important for firms to prioritize cybersecurity in their supply chains.

    • The Biden administration’s Executive Order
      In response to the escalating volume of threats, the US government has issued an executive order mandating the improvement of the software supply chain. The executive order calls for the adoption of security best practices that will help build “trust and transparency” in the nation’s critical systems.

Protect all systems from supply chain attacks with these tips:

    • Leverage vendor-risk assessments in order to ensure that third-party ecosystems are as secure and protected as possible.
    • Encourage third-party partners to adopt robust threat intelligence systems that can provide real-time updates into threat actors’ activities.
    • Implement Zero Trust principles.
    • Segment all networks: even the most trusted of third-parties and partner organizations do not need unfettered access to every element of your network.
    • Automate certain processes, including threat prevention and threat hunting, to ensure accurate and efficient results that can be used to identify the threats stemming from vendors, suppliers or ecosystem partners.