Juniper Research study reveals staggering cost of vulnerable software supply chains
A foremost experts in cybersecurity markets , has found that the total cost of software supply chain cyberattacks to businesses will exceed US $ 80.6 billion globally by 2026 , up from US $ 45.8 billion in 2023 .
WithSecure joins CyberPeace Builders programme
W is offering the support of its cybersecurity professionals to vulnerable populations serviced by non-governmental organisations ( NGOs ) groups through the CyberPeace Builders program .
news
Juniper Research study reveals staggering cost of vulnerable software supply chains
new study from Juniper Research , some of the
A foremost experts in cybersecurity markets , has found that the total cost of software supply chain cyberattacks to businesses will exceed US $ 80.6 billion globally by 2026 , up from US $ 45.8 billion in 2023 .
This growth of 76 % reflects increasing risks from absent software supply chain security processes and the rising complexity of software supply chains overall . become more complex , the problem becomes exponentially more complicated requiring immediate attention to resolve through regulations , SBOMs ( Software Bills of Materials ), embedded security and cybersecurity solutions .”
The study also examines the importance of software supply chains across several verticals , including financial services , government , automotive and healthcare , making the study vital reading for key stakeholders in those high-risk industries .
The new study , Vulnerable Software Supply Chains Are a Multibillion Dollar Problem , highlights the need for greater emphasis on the software elements of the supply chain as a critical security vulnerability . The study analysed how both shifts in wider cybersecurity processes and the mindset around the management of the software supply chain are needed to address these risks .
“ The software supply chain has been neglected over the years as a source of risk , leading to a situation where organisations face significant issues if they cannot change the way they operate ,” said Nick Maynard , Report Author and Head of Research at Juniper Research . “ As software supply chains
WithSecure joins CyberPeace Builders programme
ithSecure , formerly known as F-Secure Business ,
W is offering the support of its cybersecurity professionals to vulnerable populations serviced by non-governmental organisations ( NGOs ) groups through the CyberPeace Builders program .
The programme , managed by the CyberPeace Institute , connects cybersecurity professionals with NGOs . According to information from the CyberPeace Institute , only one-in-10
NGOs provide regular cybersecurity training to staff . Three out of four do not monitor their networks and four out of five do not have cybersecurity plans .
At the same time , these organisations can manage millions or even billions of dollars in donations , which draws the attention of cybercriminals .
“ NGOs are increasingly targeted by criminal and state actors online , for the sensitive data they hold , for the funds they raise and for the very operations they conduct on the ground . These precious resources are critical to the vulnerable populations that NGOs protect , yet NGOs have a hard time attracting and retaining cyber talent ,” said Stéphane Duguin , CEO of the CyberPeace Institute .
“ The CyberPeace Builders provides cybersecurity professionals with a platform to use their unique knowledge and skills to help protect some of the world ’ s most vulnerable communities .”
WithSecure ’ s participation in the CyberPeace Builders programme represents an evolution of the co-operation between WithSecure and the CyberPeace Institute . The two organisations have worked together since 2021 in areas including intelligence gathering , reverse engineering malware , forensic analysis of cyber incidents and cyber-risk assessments .
10 www . intelligentciso . com