Companies are increasingly facing sophisticated cyberattacks targeting their supply chains, particularly through phishing schemes and vulnerabilities in tech suppliers. The Identity Theft Resource Center reported that supply chain attacks in 2022 far exceeded those linked to malware, and the first two months of 2023 already saw 40% of last year's total supply chain attacks.

Businesses can bolster their supply chain cybersecurity by mapping out their tech suppliers to understand their legitimacy, adding cybersecurity clauses to supplier contracts, and training employees across the organization on cybersecurity importance. Collaboration between IT and procurement teams is also crucial to ensure security measures are effective.

Effective communication and collaboration between departments, especially IT and procurement, are essential for enhancing supply chain cybersecurity. This teamwork helps ensure that systems are secure, cost-efficient, and provide real value, addressing the complexities of supply chain vulnerabilities.