On the 31st of May 2023 a public warning was issued by MOVEit, regarding a critical SQL injection vulnerability found in in their systems. This vulnerability allowed malicious actors to gain access to the database. The flaw, known as CVE-2023-34362, was identified on the 2nd of June, but it had already been exploited four days before the alert. By the end of May, approximately 2,500 instances of MOVEit file transfers were discovered to be exposed online, primarily in the United States.

This week in London, SecurityScorecard hosted a roundtable discussion on cyber risk in the insurance supply chain. Keynote speaker Santosh Pandit, head of Cybersecurity at the Bank of England, shared his insights with 20 London-based insurers on managing cyber risk in the financial sector and the latest regulatory initiatives that may impact the insurance industry.

Digital technology is becoming an increasingly essential part of nearly every industry, and supply chains are no exception. In recent years, supply chains have become more dependent on digital solutions, from manufacturing, packing, and shipping processes, to storing records in the cloud. While digital technology increases speed, efficiency, and interconnectivity across industries, this increased complexity can also lead to higher gaps in cybersecurity.

While some of the obvious misuse of ChatGPT in the world of cyber security was not unexpected – asking the artificial intelligence to write harder-to-detect malware and easier-to-convince phishing emails – a new threat has emerged that can leverage the very nature of the large language model. Ultimately, ChatGPT is a learning machine, and bases its answers on information it sources from the Internet.

Today, we’re excited to launch a few new features as part of our ongoing efforts in our Software Supply Chain Security solution. These developer-first tools help you gain a better understanding of your app’s supply chain, identify potential risks, and take the necessary steps to get ahead of them.

Open-source software has been a godsend for the development community. They bring lower development costs, faster application delivery, and greater flexibility; it’s no wonder nearly 90% of modern applications comprise third-party software nowadays. That’s not to say open-source software doesn’t come with its share of pitfalls, including security risks and vulnerabilities.

In today's interconnected world, securing the software supply chain is crucial for maintaining robust application security. Developers often rely on package managers to import third-party code and libraries, but this convenience comes with risks. Insecure code downloads can introduce vulnerabilities that compromise the integrity of your software. In this blog post, we will explore essential steps to secure the supply chain and prevent developers from downloading insecure code from package managers.