Tata Consultancy Services (TCS) announced findings from its TCS Risk & Cybersecurity Study, which reveals that cyber-executives may not be sufficiently prioritising threats from vulnerabilities within the value chain, beyond the immediate boundaries of their own organisations.
When asked to rank where companies will see the greatest number of cyberattacks between now and 2025, ecosystem partners came in last place (10th). At a time when enterprises are increasingly banking on digital ecosystems for their growth strategies, TCS’ survey shows that only 16% of Chief Risk Officers (CROs) and Chief Information Security Officers (CISOs) ranked digital ecosystems as a concern when assessing expected cyber targets and only 14% listed the risks from such ecosystems as the top priority arising out of board-level discussions.
“Companies across the globe are increasingly turning to digital ecosystems of partners, vendors and even competitors to reimagine and grow their business,” said Santha Subramoni, Global Head, Cybersecurity, TCS. “Ignoring the threats originating from these ecosystems represents a blind spot which needs to be addressed urgently. One way of reducing the probability of an attack within digital supply chains is to implement a ‘Zero Trust’ policy – a framework based on the principle of ‘never trust, always verify,’ applied not only to humans but also machines.”
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