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Protecting Your Supply Chain from Cyber Threats

In our increasingly digital and interconnected business landscape, cybersecurity risks extend beyond an organisation's own systems. Your suppliers and vendors can also introduce significant vulnerabilities if they lack adequate protections.

Recent surveys have found over half of companies rank cyber risks from third-party suppliers as their top supply chain concern. And for good reason - a breach at a vendor can disrupt operations, expose sensitive data, and cause legal and reputational damages.

So how can you navigate cyber risks in your supply chain? Follow these key principles:

Know Your Digital Assets and Exposure Points

Catalog data, IP, systems, and processes accessed by vendors.

Prioritise risks to critical assets like customer personally identifable information (PII).

Set Security Standards for Suppliers

Define minimum criteria for cyber hygiene based on access level.

Educate partners on requirements.

Monitor and Evaluate Security Posture

Treat cyber risks with the same diligence as financial, geo-political factors.

Audit partners for compliance.

Enforce Through Contracts and Prepare Response Plans

Outline security responsibilities in legal agreements.

Have incident response protocols to minimise business impact.

While managing third-party cyber risks may seem daunting, following standardised, risk-based practices can simplify governance.

Digitally-powered supply chains demand digitally-secured partners. By taking proactive steps to safeguard systems and data, your organisation can confidently embrace technology transformation.


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