The European Business Review

A PRACTICAL GUIDE TO KICK-STARTING YOUR CYBER SUPPLY CHAIN RISK PROGRAMME

INTRODUCTION TO SUPPLY CHAIN CYBERATTACKS

The SolarWinds breach serves as a compelling case study, revealing the widespread consequences of vulnerabilities within supply chains. Drawing parallels with incidents in Switzerland, where the financial sector remains a prime target, this article aims to outline the complexities of safeguarding supply chains against evolving cyber threats.

While the Swiss financial sector has responded with comprehensive regulations, the spotlight shifts to broader industrial supply chains where similar regulations either do not exist or are not followed with adequate priority. Examining examples of supply chain cyberattacks on manufacturing companies unveils the vulnerabilities and challenges faced by these critical sectors.

In the United States, many industries have experienced targeted supply chain cyberattacks, disrupted operations, and compromised sensitive data. Recent incidents have illuminated the need for robust risk management strategies tailored to the unique characteristics of industrial supply chains. For example, in 2021, Colonial Pipeline, an oil pipeline system that carries jet fuels and petrol, encountered a ransomware attack that disrupted its

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