Max Shier, the chief information security officer at Optiv, states, "Third party risk management, supply chain risk management, and increased oversight and regulatory requirements will drive the need for organizations to rethink their strategies in light of rising cyber threats." This emphasizes the growing importance of addressing external risks as cyber attacks become more sophisticated and common.
The CrowdStrike incident this year, which impacted 8.5 million devices, exemplifies the critical vulnerabilities in software supply chains. As cyber threats rise, organizations must vastly improve their risk management strategies to protect against such widespread disruptions.
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