Wes SpencerCo-Founder, Empath · Co-Founder of Empath | Recovering Cybersecurity Guy| Keynote Speaker | 2020 Cyber Educator of the Year | Building the MSP Workforce Operating System

The Concept of Supply Chain Attacks and Why You Should Care #RiskManagement #Cybersecurity #MSP

12 Sept 2024 · 1 min

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Hackers increasingly target vendors to hit their customers downstream. Kaseya, SolarWinds, LastPass, and CrowdStrike's faulty software update all caused massive cascading damage. MSPs need supply chain risk management because one compromised vendor can affect millions of organizations.

Now, the first thing that we talk about when we talk about third-party vendor risk is the concept of supply chain attacks. In recent years, Kaseya, SolarWinds, LastPass have all suffered attacks from hackers that have had downstream effects on MSPs and their clients. Just recently, CrowdStrike created a global event when they released poor quality software that had a major impact on millions of organizations and sent MSPs reeling across the globe.