July 18, 2024
Juniper Analysis Examine Reveals Staggering Price of Weak Software program Provide Chains

Hampshire, UK – eleventh Could 2023: A brand new research from Juniper Research, the foremost specialists in cybersecurity markets, has discovered that the whole price of software program provide chain cyberattacks to companies will exceed $80.6 billion globally by 2026, up from $45.8 billion in 2023. This development of 76% displays rising dangers from absent software program provide chain safety processes, and the rising complexity of software program provide chains total.

The brand new research, Vulnerable Software Supply Chains Are a Multi-billion Dollar Problem, highlights the necessity for larger emphasis on the software program components of the provision chain as a vital safety vulnerability. The research analysed how each shifts in wider cybersecurity processes, and the mindset across the administration of the software program provide chain are wanted to handle these dangers.

“The software program provide chain has been uncared for over time as a supply of danger, resulting in a scenario the place organisations face vital points, if they can’t change the best way they function,” mentioned Nick Maynard, report writer and Head of Analysis at Juniper Analysis. “As software program provide chains develop into extra advanced, the issue turns into exponentially extra sophisticated, requiring fast consideration to resolve, by rules, SBOMs (Software program Payments of Supplies), embedded safety, and cybersecurity options.”

BlackBerry, a seasoned safety vendor, commented on the research. “Enhancing the safety of software program provide chains is vital for nationwide safety and for constructing a trusted digital world,” mentioned Arvind Raman, CISO, BlackBerry. “BlackBerry welcomes this research from Juniper Analysis, which outlines why software program provide chain safety practices have to be adopted by all industries, and we’re happy to be recognised for our best-in-class safety options that deal with this market want. BlackBerry has lengthy been a champion of built-in safety and a pioneer of cybersecurity, which is why we’ve got earned the belief of organisations all over the world.”

The research additionally examines the significance of software program provide chains throughout a number of verticals, together with, monetary providers, authorities, automotive, and healthcare, making the research important studying for key stakeholders in these high-risk industries.

The study can be viewed here.

About Juniper Analysis

Juniper Research offers analysis and analytical providers to the worldwide hi-tech communications sector; offering consultancy, analyst reviews, and trade commentary.