Updated: Apr 24, 2021
Your business’ cybersecurity posture must prioritize detection, evaluation and mitigation of risks posed by your supply chain. It is vital that your security is upgraded on a regular basis to better prepare for any worst-case scenarios.
Having said that, it should come as no surprise that a vulnerable third party that your organization deals with can weaken your supply chain as well. Although controlling a third party’s cybersecurity can be challenging, it must be taken seriously since a security compromise at their end could put your business at risk.
Always remember that no matter how secure you think you are, dealing with an unsecure vendor can severely damage your business’ reputation and financial position.
Recommended Security Practices
Prevention is always better than cure, especially when you are managing data, systems, software and networks. By proactively adopting best practices, it is certainly possible to enhance your supply chain’s security. Some of these practices include:
· Security Awareness Training: You must educate all employees about how even a minor mistake on their part could severely compromise security. Since employees are usually the first line of defense against cyberattacks, it is important that they are given adequate training to identify and avoid any potential threats. Drafting and implementing an effective security awareness training program should not be a one-time affair. It should take place at regular intervals to ensure all stakeholders are on the same page.
· Data Classification: Data classification enables you to identify data, segment it according to its worth and assign security to each type of data. The bottom line is