According to a recent BlueVoyant report, there was a 26% increase in supply chain breaches in 2022. Every industry sector, except financial services, showed an increase in the number of breaches in their supply chains that negatively impacted their organization.
Forty-seven perecnt of respondents monitored their supply chain for cyber risk monthly or more in 2023, compared to 41% in 2022. Respondents say they are likely to use artificial intelligence (AI) to monitor their digital supply chain, but prefer to rely on a combination of AI and human analysts. More than half (55%) said they use automation to manage certain aspects of their third-party cyber risk.