Supply chains are increasingly targeted by sophisticated cyberattacks, particularly phishing schemes. These attacks often involve bad actors infiltrating systems through outside vendors, as seen in high-profile breaches like the Target incident in 2013 and the Colonial Pipeline attack. The Identity Theft Resource Center reported that supply chain attacks in 2022 significantly outnumbered those linked to malware, indicating a growing trend in this area.

Companies can bolster their supply chain cybersecurity by mapping out their tech suppliers to ensure legitimacy, adding cybersecurity requirements to supplier contracts, and training employees across all departments on cybersecurity importance. This includes using risk rating systems to evaluate potential suppliers and fostering collaboration between IT and procurement teams to ensure comprehensive security measures.

Collaboration is crucial for supply chain security as it ensures that all departments, especially IT and procurement, work together to identify and mitigate vulnerabilities. Effective communication helps align security efforts with business objectives, making it easier to manage risks associated with various suppliers and technologies, ultimately leading to a more secure and resilient supply chain.