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Cybersecurity risks and how to manage them


The Sunburst attack uncovered in December 2020 illustrates the magnitude of the cybersecurity challenge. Hackers were able to breach some of the United States’ top government agencies as well as those of other organisations around the world by compromising updates from one of their software suppliers, SolarWinds. Organisations might make use of hundreds if not thousands of third-party suppliers and contractors through which they could be breached.
While many of these involve third-party suppliers and contractors in the IT realm, in some cases breaches can be caused by third parties that one might not expect. For example, it was reported in 2017 that a casino in Las Vegas was breached through an Internet-connected fish tank. Similarly, in 2014 Target was breached through its air-conditioning supplier. Organisations frequently take on new third-party suppliers and contractors, further compounding the challenge. ....

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