Problem
In today’s interconnected world, vast and complicated supply chain risks
are a growing concern for cybersecurity from data breaches to operational disruptions. Organisations need to take a holistic approach to supply chain security, identifying vulnerabilities at every level. This means working with suppliers to establish best security practices, implementing strong security controls, and continuously monitoring and testing for weaknesses.
Lack of Visibility
It can be challenging for companies to get a complete picture of their supply chain and what types of data they have access to.
Weak Security Practices
Different levels of security practices could increase the threat landscape.
Data Breaches
If a third-party vendor experiences a data breach, it can put the company’s data at risk as well.
Malware Infections
Third-party software or hardware could be used as an entry point for malware to steal sensitive data.
Insider Threats
Employees could potentially misuse their access to the company’s systems or data
Lack of Contract Oversight
Contracts with third-party vendors may not include strong cybersecurity language, leaving the company at risk.
Geopolitical Risks
Geopolitical instability or the use of vendors in countries with weaker data protection laws increases risk exposure.
Solution
A future resilient supply chain in cybersecurity
Trusted Partners
All on the same page with security protocols and measures.
Robust Protocols
Including the use of strong passwords, two-factor authentication, strong encryption and quantum secure communications.
Holistic Visibility
Real time with business analytics and reporting.
Dynamic Monitoring
Real time with business analytics and reporting.
Rapid Response
Faster detection and response times.
Automated Protection
Built-in and out of the box playbooks.
Integrated Solutions
One unified, intelligent and single platform experience.
Proactive Defense
Layered defense in depth approach.
Benefits
Improved Cybersecurity Posture
By mitigating supply chain and third-party risks, companies can improve their overall cybersecurity posture, reducing the likelihood of a data breach or cyber-attack.
Protection of Sensitive Data
Supply chain and third-party risks can expose companies to the theft or loss of sensitive data. By implementing mitigation measures, companies can better protect their data from unauthorized access or theft.
Reduced Financial Impact
Cyber-attacks can have a significant financial impact on companies, including lost revenue and the costs associated with remediation efforts. By mitigating supply chain and third-party risks, companies can reduce the financial impact of a cyber-attack.
Compliance with Regulations
Many industries are subject to regulatory compliance requirements related to data protection and cybersecurity. By mitigating supply chain and third-party risks, companies can better comply with these regulations and avoid costly penalties.
Increased Customer Trust
Consumers are increasingly concerned about data protection and cybersecurity. By demonstrating a commitment to mitigating supply chain and third-party risks, companies can increase customer trust and loyalty.