Software Supply Chain Attacks To Cost The World $60 Billion By 2025

Share This Post

Damages predicted to grow by 15 percent year-over-year through 2031

In the era of DevOps – fast and continuous development – you simply cannot secure software from the outside”

— Guy Podjarny, founder of Snyk

SAUSALITO, CALIF., USA, October 3, 2023 / — Cybersecurity Ventures predicts that the global annual cost of software supply chain attacks to businesses will reach a staggering $138 billion by 2031, up from $60 billion in 2025, and $46 billion in 2023, based on 15 percent year-over-year growth.

Instead of directly focusing attacks on an end-user target, hackers are compromising weak links in existing software supply chains to wreak havoc, leading to some of the most prominent cybersecurity incidents and data breaches of recent years.

“Managing supply chain risk is still one of the, if not the biggest, problem for CISOs,” says Philip Reitinger, president and CEO of the Global Cyber Alliance, former SVP and CISO at SONY, and former deputy chief, Computer Crime Section, at the U.S. Department of Justice. “It’s the greatest area of unmanaged or hard-to-manage risk.”

Gartner predicts that by 2025, 45 percent of organizations worldwide will have experienced attacks on their software supply chains, a three-fold increase from 2021.

“In the era of DevOps – fast and continuous development – you simply cannot secure software from the outside,” says Guy Podjarny, founder of Snyk. “Fundamentally, the only way to keep up with the pace of software change is to get developers actually building secure software, and move the security to be where the decision is made.”

While formal interactions between defenders and business leaders are becoming more frequent, according to the World Economic Forum, increased communication and collaboration between developers and security professionals must also become a priority.

Digital transformation, hybrid and remote work, and the escalating threat of cybercrime have forced organizations to rethink how they view security in relation to their software supply chains.

To earn more about software supply chain attacks, the attack landscape, high-profile breaches, boardroom awareness, and more, Download the Report.

Malcomb Farber
Cybersecurity Ventures
email us here
Visit us on social media:

Article originally published on as Software Supply Chain Attacks To Cost The World $60 Billion By 2025

Related Posts

VIP Minds CEO and Visionary Nora Abou Chakra Launches ‘Power Hearts,’ a Transformative Initiative Driving Social Change

CEOs revolutionizing philanthropy through inspiring charitable actions

Today marks the launch of "Power Hearts," an innovative initiative led by businesswoman and visionary Nora Abou Chakra. With each endeavor, Power Hearts embarks on a different mission, empowering CEOs to take direct action and make a tangible impact. Through immersive experiences and hands-on involvement, Power Hearts addresses pressing societal issues, fostering empathy and inspiring CEOs to become advocates for change within their organizations and communities.

Nora Abou Chakra, a respected entrepreneur known for her philanthropic endeavors, has once again demonstrated her commitment to driving social change with the launch of Power Hearts. Under this empowering initiative, CEOs from diverse industries come together to tackle pressing issues and create transformative solutions.

An example of these missions is hunger. Power Hearts combats hunger and alleviate the suffering of those affected by it. CEOs gather in a large-scale communal kitchen, where they actively participate in purchasing groceries and cooking meals for those in need.

The immersive experience provided by Power Hearts goes beyond the kitchen. CEOs physically hit the streets, personally distributing the freshly prepared meals to individuals experiencing hunger. This direct interaction with those in need further deepens their understanding of the issue, sparking a profound connection and a sense of shared humanity.

CEOs return to their organizations with a renewed perspective and a profound commitment to addressing the issue of hunger. They become ambassadors for change, leveraging their influence and resources to advocate for hunger relief initiatives within their respective communities and among their staff members.

Nora Abou Chakra, the driving force behind Power Hearts, expressed her enthusiasm for the initiative, stating, "Power Hearts aims to create a ripple effect of compassion and advocacy. By immersing CEOs in the realities of pressing social issues, we ignite a powerful drive for change that reverberates throughout their personal and professional spheres. Together, we can make a significant difference and create a more compassionate and equitable world."

Power Hearts represents Nora Abou Chakra's unwavering commitment to leveraging the influence and resources of business leaders for the greater good. By providing CEOs with transformative experiences, Power Hearts empowers them to become catalysts for change and advocates for social causes that resonate with their hearts.

For more information about Power Hearts and its upcoming initiatives, please visit or follow us on @power.hearts

Contact Information:
Stephanie Khalil
Executive Assistant to CEO

Original Source: VIP Minds CEO and Visionary Nora Abou Chakra Launches 'Power Hearts,' a Transformative Initiative Driving Social Change

NAACP Excellence in Teaching Award Winner Andee Nunn Releases Memoir, ‘Magic in Room 216’, on Cyber Monday

Profound Education and Inspirational Life Journey Enshrines Era of Inclusion DANBURY, Conn., November 27, 2023 (New...
green agriculture project
- Part of VUGA Media group -best seo company