Cyberattacks on global supply chains can cause irreparable harm to an organization’s operational, financial and reputational wellness. These incidents can occur even if your organization is practicing proper cybersecurity methods. Instead of attacking your organization directly, these cybercriminals take advantage of vulnerable suppliers or vendors in your organization’s supply chain to wreak havoc on key operations and compromise essential data.
Supply chain risk has increased dramatically in the last decade, as the internet has become a necessary element of various business operations. What’s more, third-party breaches can be costly, increasing the average cost of a data breach by $207,411. Still, research shows this risk is largely being overlooked.
While it’s not possible to totally eliminate supply chain risk, there are several steps your organization can take to reduce your supply chain exposure. Review the following guidance to understand what factors increase your organization’s supply chain risk, how to mitigate them and what to do if your supply chain is compromised. Read More.