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Business & Economy


3 OUT OF 5 COMPANIES AFFECTED BY SOFTWARE SUPPLY CHAIN ATTACKS

By Nicholas Dolinger
Nicholas Dolinger

Nicholas Dolinger is a business reporter for The Epoch Times and creator of "The
Beautiful Toilet" podcast.
View profile
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February 14, 2022 Updated: February 15, 2022
biggersmaller
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A new survey has revealed that three out of every five companies were victim to
software supply chain attacks in 2021, marking a drastic rise in the prevalence
of these attacks and sending cybersecurity into a scramble for solutions.

The survey, which was carried out by the software company Anchore, reported that
62 percent of organizations were impacted by supply chain attacks in the past
year.

“In the simplest terms, a software supply chain attack occurs when a
cybercriminal manipulates an organization’s software code to deliver malicious
‘payload’ to downstream applications and users,” explains Julie Preiss, chief
marketing officer of the software company Appgate, in a statement to The Epoch
Times. “They typically target small, less-secure companies that do business with
larger companies (hence the term supply chain).”

Preiss continues, “The reasons these attacks are on the rise boil down to a few
basic facts: more business is conducted online than ever before, creating a
large and enticing attack surface; many organizations have inadequate cyber
hygiene, resulting in vulnerabilities and misconfigurations in their software
that can be easily exploited; and, a single successful hack can yield enormous
potential beyond the original purpose making the pay-off very appealing.”

The Anchore survey, which collected data from Dec. 3 to Dec. 30 of last year,
coincided with the discovery of a vulnerability in the ubiquitous Apache Log4
utility on Dec. 9. After the discovery of this vulnerability, reports of supply
chain attacks jumped by 10 percent.

The results of the survey are reflective of a broader trend, which has seen a
very fast rise in the prevalence of supply chain attacks. A recent analysis by
the security firm Sonatype record 12,000 incidents in 2021, constituting a 650
percent increase in the prevalence of supply chain attacks.

“Supply chain attacks are becoming increasingly more common and hard to defend
against. We’ve seen this with multiple attacks over the last 12 months and it is
becoming a very lucrative way for threat actors to make money or steal
information,” says Bryan Hornung, CEO of the New Jersey-based cybersecurity firm
Xact IT Solutions, in a statement to The Epoch Times.

Hornung is a proponent of the zero trust security framework, which requires all
individuals both inside and outside of an organization to be authenticated and
consistently validated for access to applications and data. In so doing,
advocates of this strategy believe that they can efficiently eradicate many of
the vulnerabilities that have become apparent in the past year.

The analysis of the Anchore survey emphasized another approach to fighting the
rise of supply chain attacks: prioritizing better practices of software
bill-of-materials (SBOM), referring to the list which catalogues all components
in a given piece of software.

“Despite the foundational role of SBOMs in providing visibility into the
software supply chain, fewer than a third of organizations are following SBOM
best practices,” says the Anchore report. “In fact, only 18 percent of
respondents have a complete SBOM for all applications.”

While the degree of supply chain software attacks in 2021 is unprecedented and
drastic, the cybersecurity industry has kicked into high gear in response to
such reports as those by Anchore and Sonatype. The industry is offering a
multiplicity of approaches to combat the problem, and the current year will
likely serve as a testing ground for these new strategies, as different
companies compete to ensure the security of individuals and networks in an
increasingly digital economy.

Nicholas Dolinger

Follow
Nicholas Dolinger is a business reporter for The Epoch Times and creator of "The
Beautiful Toilet" podcast.




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