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Crypto Terms:  Letter S
Jun 19, 2023 |
updated Apr 02, 2024

What is Supply Chain Attack?

Supply Chain Attack Meaning:
Supply Chain Attack - a technique that hackers use to get important information from third-party suppliers of major enterprises, organizations, and governments.
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Let's find out Supply Chain Attack meaning, definition in crypto, what is Supply Chain Attack, and all other detailed facts.

Supply chain attacks happen when hackers extract important information from third-party suppliers of major enterprises, organizations, and governments.

A great example of a supply chain attack is the Solar Winds attack that happened in 2020. In this case, hackers broke into a software supplier used by companies that appear on the Fortune 500 list, as well as government agencies, and other businesses. The hackers could’ve indirectly attacked all of these entities simply by attacking Solar Winds.

They acquired access to a significant amount of sensitive and perhaps top-secret material (kept by branches of the military, the state department, and the Pentagon) by exploiting a trojan horse update.

Due to the fact that many contemporary operations depend on software and services from third-party suppliers, such as cybersecurity organizations, keeping systems secure is becoming increasingly complex. Supply chain attacks actually cross the line from cybercrime into cyberwarfare territory.