Crypto Terms:
Letter S
What is 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.
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.
buy walls<\/a><\/strong><strong>.<\/strong> This happens because the buy walls make it difficult for the price to drop lower.<\/p>\n<p>Therefore, a support level is typically triggered by a big supply of buyers in a particular price range. Besides, <strong>it operates as a “floor<\/strong>.<strong>”<\/strong> Overall, the price can only decrease under heavy selling pressure when it is at a support level.<\/p>\n<p>Usually, traders construct support lines based on prior lows because it helps to identify probable price reversal points. The reversal points can suggest good buying options.<\/p>\n<p>Support levels are mostly portrayed by <strong>straight horizontal lines<\/strong>. However, they can also be represented by <strong>diagonals<\/strong>. Though diagonals are mostly interpreted as <strong>trend lines<\/strong>.<\/p>\n<p>When a support level is breached, it’s more likely to become <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-resistance-line-level/">a resistance level<\/strong><\/a>. The resistance level has the opposite impact in comparison to the support level. Thus, it would <strong>operate as a “ceiling<\/strong>.<strong>”<\/strong> This means that it would stop the price from climbing any further. Usually, when resistance or support levels are breached, great trading options develop.<\/p>\n<p>Keep in mind that you should always consider at least two previous lows when creating support lines. The level of trustworthiness of your claim depends on the amount of evidence you have to back it. When drawing resistance and trend lines, the same rules apply.<\/p>","definition":"a technical analysis term that refers to a level that keeps the price of an asset stable and prevents it from going down.","status":"published","meta_title":"What is Support? Definition & Meaning | Crypto Wiki","meta_description":"Support meaning: Support - a technical analysis term that refers to a level that keeps the price of an asset stable and prevents it from going down.","meta_keywords":null}"
:prev-section="{"id":746,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Supply_Chain","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-30T04:30:07.000000Z","slug":"what-is-supply-chain","title":"What is Supply Chain?","section":"S","keyword":"Supply Chain","content":"<p><strong>The supply chain summarizes the steps taken from the early development of a product or a service until its delivery to the end-users or customers.<\/strong> The number of steps within a supply chain differs between products and services.<\/p>\n<p>The process of the supply chain starts with the <strong>sourcing of the raw materials<\/strong> required for the product or service and follows the <strong>preparation processes, testing, and quality control<\/strong>. The distribution of sales of the finished product leads to the end of the supply chain, which involves any parties that purchase the product either for their own gains.<\/p>\n<p>The product can be distributed on a <strong>local or international level<\/strong>. However, the outcome of the supply chain is always the same, regardless of the distribution method – the product or service must land in the hands of the user.<\/p>\n<p>The supply chain is <strong>the roadmap depicting the product’s life cycle<\/strong> from its early production to the final destination. The wider the product distribution and the more materials it requires to be developed, the more complicated the supply chain path is, sometimes requiring thousands of steps.<\/p>\n<p>The developmental path of a product can be tricky to follow throughout all of its stages. To simplify the process, many developers and IT giants are working on implementing <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain technology<\/strong><\/a> into supply chain systems to track the product roadmap.<\/p>\n<p>Supply chain management is important in ensuring product security. The use of blockchain technology helps ensure data security, mismanagement of the supply chain processes, and attempts to copy or steal the product.<\/p>\n<p>Blockchain acts as an immutable <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledger<\/strong><\/a>. Any information recorded on the blockchain can’t be deleted or edited. This helps maintain a clear path of any payments and contracts made in the supply chain.<\/p>\n<p>Furthermore, some companies can use cryptocurrency tokens to track the product supply chain. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">Non-fungible tokens (NFTs)<\/strong><\/a> can be particularly applicable as product labels. NFTs are developed to be one-of-a-kind tokens, which makes them uniquely useful as trackers in the supply chain.<\/p>\n<p>The use of blockchain technology in supply chain optimization has helped simplify the tracking and management processes. Blockchains can make the overall supply chain processes more efficient and secure.<\/p>","definition":"the network of all individuals, groups, resources, tasks, activities, and technology used in a product's development and sale.","status":"published","meta_title":"What is Supply Chain? Definition & Meaning | Crypto Wiki","meta_description":"Supply Chain meaning: Supply Chain - the steps taken between the first developmental stages of a product or a service and its delivery to the end user.","meta_keywords":null}"
:model="{"id":720,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Supply_chain_attack","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-30T04:32:12.000000Z","slug":"what-is-supply-chain-attack","title":"What is Supply Chain Attack?","section":"S","keyword":"Supply Chain Attack","content":"<p><strong>Supply chain attacks<\/strong> happen when hackers extract important information from third-party suppliers of major enterprises, organizations, and governments.<\/p>\n<p>A great example of a supply chain attack is <strong>the Solar Winds attack<\/strong> that happened in 2020. In this case, hackers broke into a software supplier used by companies that appear on the <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//Fortune_500/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Fortune 500 list<\/strong><\/a>, as well as government agencies, and other businesses. The hackers could’ve indirectly attacked all of these entities simply by attacking Solar Winds.<\/p>\n<p>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 <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-trojan/">trojan horse update.<\/p>\n<p>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. <strong>Supply chain attacks actually cross the line from cybercrime into cyberwarfare territory<\/strong>.<\/p>","definition":"a technique that hackers use to get important information from third-party suppliers of major enterprises, organizations, and governments.","status":"published","meta_title":"What is Supply Chain Attack? Definition & Meaning | Crypto Wiki","meta_description":"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.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="S"
current-section="what-is-supply-chain-attack">
