'Software supply chains have long been a serious cybersecurity concern and potential single point of failure,' a cybersecurity professional writes
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'Software supply chains have long been a serious cybersecurity concern and potential single point of failure,' a cybersecurity professional writesThe outage is emblematic of the way organizational networks, cloud computing services and the internet are interdependent, and the vulnerabilities this creates. In this case, a faulty automatic update to the widely used Falcon cybersecurity software from CrowdStrike caused .
Modern technology incidents, whether cyberattacks or technical problems, continue to paralyze the world in new and interesting ways. Massive incidents like the CrowdStrike update fault not only create but disrupt global society itself. The economic losses resulting from such incidents – lost productivity, recovery, disruption to business and individual activities – are likely to be extremely high.
It’s also likely that people will be targeted by various scams preying on user panic or ignorance regarding the issue. Overwhelmed users might either take offers of faux assistance that lead to identity theft, or throw away money on bogus solutions to this problem.Companies will need to ensure that the products and services they use are trustworthy. This means doing due diligence on the vendors of such products for security and resilience.
Problems in the software supply chain like this make it difficult to follow the standard IT recommendation to always keep your systems patched and current. Unfortunately, the costs of not keeping systems regularly updated now have to be weighed against the risks of a situation like this happening again.
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