Majority of CIOs say their software supply chains are vulnerable

Published: Wednesday, 01 June 2022 07:42

Venafi has published the findings of a global study of 1,000 CIOs, in which 82 percent say their organizations are vulnerable to cyber attacks targeting software supply chains. The shift to cloud native development, along with the increased speed in development brought about by the adoption of DevOps processes, has made the challenges connected with securing software supply chains much more complex. Meanwhile, adversaries, motivated by the success of high-profile software supply chain attacks on companies like SolarWinds and Kaseya, are stepping up attacks against software build and distribution environments.

The sharp increase in the number and sophistication of these attacks over the last 12 months has brought this issue into sharp focus, gaining the attention of CEOs and Boards. As a result, CIOs are becoming increasingly concerned about the serious business disruptions, revenue loss, data theft and customer damage that can result from successful software supply chain attacks.

Key findings from the study include:

“Digital transformation has made every business a software developer. And as a result, software development environments have become huge target for attackers,” said Kevin Bocek, vice president of threat intelligence and business development for Venafi. “Hackers have discovered that successful supply chain attacks are extremely efficient and more profitable.”

More than 90 percent of software applications use open source components, and the dependencies and vulnerabilities associated with open source software are extremely complex. CI/CD and DevOps pipelines are typically structured to enable developers to move quickly but not necessarily more securely. In the push to innovate faster, the complexity of open source and the speed of development limit the efficacy of software supply chain security controls.

CIOs realize they need to change their approach to overcome these challenges. As a result:

"CIOs realize they need to improve software supply chain security but it’s extremely difficult to determine exactly where the risks are, which improvements provide the greatest increase in security, and how these changes reduce risk over time," continued Bocek. “We can’t solve this problem using existing methodologies. Instead, we need to think differently about the identity and integrity of the code we are building and using—and we need to protect and secure it at every step of the development process at machine speed.”

About the research

Conducted by Coleman Parkes Research, Venafi’s survey evaluated the opinions of 1000 CIOs across six countries/regions: United States, United Kingdom, France, DACH (Germany, Austria, Switzerland), Benelux (Belgium, Netherlands, Luxembourg) and Australasia (Australia, New Zealand).

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