In IT organizations, chief information officers (CIOs) rank security as their top challenge as being one of their biggest weaknesses. It is estimated that 82% of companies are vulnerable to cyber threats in their own software supply chains.
Because security threats continue to change and become increasingly sophisticated, developers must work closely with security teams. It is done to ensure the development lifecycle is managed effectively throughout the whole process. This is so that all measures are taken to ensure security is baked in from the ground up.
Several factors, including this and others, have contributed to the emergence of cybersecurity as an issue that is becoming more expensive. A recently released report by McKinsey & Company predicted that in 2025, cybercrime would be worth approximately $10.5 trillion worldwide, an increase of 300% over today’s figure. Meanwhile, governments all over the globe are taking note of the risks associated with the software supply chain by assessing the risks. There have been several cyber performance goals set by the Cybersecurity and Infrastructure Security Agency (CISA) to protect critical infrastructure across the country as part of its cyber performance goals. It appears, for now, that these guidelines may serve as a foundation for federal regulations if they are voluntary. There is evidence to support this, but for now, they are voluntary.
