Cyber Supply Chain Risk Management
March 2021 - Security
Tips/Info
Getting acquainted with your supply chain is the first step to avoiding security threats from your third-party vendors. Understanding where your risks and needs are will help you concentrate your security efforts more adequately.
Working with third-party suppliers adds an additional touchpoint to your business-critical data. The increase in touchpoints inevitably creates an increase in security risks. Is your business prepared to tackle these risks by itself?
Regular testing is CRUCIAL to maintaining effective data backups. Although implementing backup testing can be a time-consuming process, our solution can automate and validate the tests for you.
As your business continues to grow, your response to security risks also needs to increase. With more third-party vendors being added to your supply chain, the likelihood of your business experiencing a security breach grows. Your business needs a security strategy that adapts to your structure.
From device suppliers to cloud software, you should know every aspect of your business and all the companies involved. Knowing your supply chain can give you a clearer picture of how many vendors you conduct business with and how much risk you may be taking on.
Does your business have a Cyber Supply Chain Risk Management strategy in place?
When disaster strikes, having a set plan in place can potentially ease the frustration and reduce the long-term impact. Make sure to include key employees and executives with assigned tasks so that everyone is on the same page and knows what their role is.
With a number as high as 92%, has YOUR organization been the victim of a supply chain security breach?
Addressing security breaches is only possible when the security breach is able to be located and isolated. If breaches can have the potential to go unnoticed within your own organization, imagine how much more difficult it would be to locate a breach caused by your third-party vendors. Visibility, transparency, and communication are essential components of effective supply chain risk management. The question is, are you doing your due diligence to mitigate these risks?
Never do business with a company that doesn’t share the same security views. And if and when you do finally sign the contract, monitor their activity to ensure they continually uphold their security measures.
When it comes to security, less isn’t always more. In fact, having security measures for your security measures might sound silly, but avoiding a breach is easier than cleaning up after one.
With the COVID-19 pandemic changing workplaces around the world, odds are that the struggles your own employees are experiencing are also being shared by the employees within your supply chain. Remember, your business wouldn’t be a business without a supply chain, so threats like human errors are a very real reality.