Security Awareness – Half of Firms Report Supply Chain Ransomware Compromise

More than half of companies surveyed worldwide know a partner or vendor that has been impacted by ransomware. Still, few organizations are working to address supply chain vulnerabilities, according to a new report from Trend Micro. To conduct its study, Trend Micro survey around 3000 IT leaders across 26 countries. Among other findings, the report discovered that around 25 percent of all data breaches are due to ransomware. Additionally, around 79 percent of respondents believe their vendors or customers do represent an increased security risk, including the historically less fortified SMBs which comprise a significant portion of the supply chain. Despite those concerns, less than half (47 percent) of the respondents said they share knowledge about ransomware attacks with their suppliers, while a quarter (25 percent) claimed they still don’t share potentially useful threat information with partners. In short, this study demonstrates the importance of securing your supply chain and sharing timely threat information with partners, including the WaterISAC, so that your organization and the sector can increase its overall cybersecurity. Access the full report at Trend Micro or read a relevant article here.