Software supply chain compromises are becoming an increasingly common tactic used by cyber criminals to infiltrate organizations. While the SolarWinds attack 3 years ago was the most infamous, these attacks are increasingly gaining in popularity among cyber attackers. This is because it is often easier to compromise a third-party vendor or supplier than it is to attack the organization directly.

Third party risk assessment is the process of evaluating and managing the risks associated with engaging third parties. It involves identifying, assessing, and mitigating potential risks that could arise from working with external vendors or partners. The goal of this type of assessment is to ensure that any risks posed by these relationships are minimized or eliminated altogether.

Can you imagine a world without software? No, neither can I. The same goes for many other technology-based products, such as cell phones. Software is everywhere and it’s critical to businesses of all sizes. In this article, we discuss the software supply chain risk management process needed to protect your business from risks in the software supply chain and how that affects product development speed in what seems like an ever-changing market landscape.