Organizations in recent years have had to manage more third-party relationships and address more blocks in supply chain than ever before, and with today’s roads as busy as they ever have been, they are one more environment where risk can arise.
Taiwan Semiconductor Manufacturing Company (TSMC), a globalleader in semiconductor manufacturing, recently experienced a data breach that compromisedsensitive information. After thorough investigation, the breach was traced backto a third-party vendor, highlighting the criticality of supply chain securityin safeguarding valuable data. This article explores the details of the TSMCdata breach, its implications for supply chain management, and the significanceof robust security measures in protecting against cyber threats.
Hundreds of organizations across the globe are reconsidering and reevaluating their approach to third-party & supply chain related risk in the wake of a global cyber heist pulled off by an increasingly notorious ransomware gang.