82% of CIOs say their software supply chains are vulnerable

Venafi has published the findings of a global study of 1,000 CIOs, in which 82% say their organizations are vulnerable to cyberattacks targeting software supply chains. The shift to cloud native development, along with the increased speed in development brought about by the adoption of DevOps processes, has made the challenges connected with securing software supply chains infinitely more complex. Meanwhile, adversaries, motivated by the success of high-profile software supply chain attacks on companies like SolarWinds and Kaseya, are stepping up attacks against software build and distribution environments.

The sharp increase in the number and sophistication of these attacks over the last 12 months has brought this issue into sharp focus, gaining the attention of CEOs and Boards. As a result, CIOs are becoming increasingly concerned about the serious business disruptions, revenue loss, data theft and customer damage that can result from successful software supply chain attacks.

Key findings from the study:

87% of CIOs believe software engineers and developers compromise on security policies and controls in order to get new products and services to market faster.

85% of CIOs have been specifically instructed by the board or CEO to improve the security of software build and distribution environments.

84% say the budget dedicated to the security of software development environments has increased over the past year.

“Digital transformation has made every business a software developer. And as a result, software development environments have become huge target for attackers,” said Kevin Bocek, vice president of threat intelligence and business development for Venafi. “Hackers have discovered that successful supply chain attacks, especially those that target machine identities, are extremely efficient and more profitable.”

Bocek has seen literally dozens of ways to compromise development environments in these types of attacks, including attacks that leverage open source software components like Log4j. “The reality is that developers are focused on innovation and speed rather than security,” Bocek explained. “Unfortunately, security teams rarely have the knowledge or the resources to help developers solve these problems and CIOs are just waking up to these challenges.”

More than 90% of software applications use open source components, and the dependencies and vulnerabilities associated with open source software are extremely complex. CI/CD and DevOps pipelines are typically structured to enable developers to move quickly but not necessarily more securely. In the push to innovate faster, the complexity of open source and the speed of development limit the efficacy of software supply chain security controls.

CIOs realize they need to change their approach to overcome these challenges. As a result:

68% are implementing more security controls

57% are updating their review processes

56% are expanding their use of code signing, a key security control for software supply chains

47% are looking at the provenance of their open source libraries

"CIOs realize they need to improve software supply chain security but it’s extremely difficult to determine exactly where the risks are, which improvements provide the greatest increase in security, and how these changes reduce risk over time," continued Bocek. “We can’t solve this problem using existing methodologies. Instead, we need to think differently about the identity and integrity of the code we are building and using—and we need to protect and secure it at every step of the development process at machine speed.”