Supply Chain Security

Ensure you’re covered in case one of your vendors gets breached.

What is supply chain security and how does it work?

Supply chain security is the part of supply chain management that focuses on the risk management of external suppliers, vendors, logistics and transportation. Its goal is to identify, analyze and mitigate the risks inherent in working with other organizations as part of a supply chain. Supply chain security involves both physical security relating to products and cybersecurity for software and services.

What are supply chain risks in cybersecurity?

Cybersecurity in the supply chain cannot be viewed as an IT problem only. Cyber supply chain risks touch. sourcing, vendor management, supply chain continuity and quality, transportation security and many other functions across the enterprise and require a coordinated effort to address.

What are the elements of supply chain security?

  • Data protection
  • Data locality
  • Data visibility and governance
  • Fraud prevention
  • Third-party risk

How can supply chain security be improved?

  • Know your suppliers and look upstream as well as downstream. Start with your tier-one suppliers and then identify tier twos and others. Take a full inventory of who you do business with so you can identify any weak links. 
  • Conduct a risk assessment. Once you’ve identified all your partners, you need to properly assess each one’s cybersecurity posture so you know the risks they may pose to your organization. You must consider where each device or component was built and who exactly built it. Is there a possible backdoor or counterfeit part? Or is it just the more likely software quality issues that can result in a breach? 
  • Utilize third-party testing. Hire a third-party firm to test your system, and that of your suppliers, to provide actionable results on what you need to fix first.