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Protect your Supply Chain with a Third-Party Risk Management Program

16
Mar
2016
Protect your Supply Chain with a Third-Party Risk Management Program
Image Credits: onlinedistribution.co.nz

Image Credits: onlinedistribution.co.nz

Over the last 20 years, technology advancements, globalization and the Internet have revolutionized business practices and efficiency. Supply chain management is one of the areas that has benefited most, as companies can now work with suppliers and business partners around the world. The bad news is the same holds true for cyber-criminals and their networks – the Deep and Dark Web. The level of sophisticated attacks keep increasing year over year, regardless of a threat actor’s motivation. The sheer amount of data being compromised is mind-boggling, and no industry is exempt.

As businesses continue to pivot to highly networked and outsourced supply chain models, they are exponentially growing their attack surface, allowing cyber criminals to leverage these new avenues of compromise. Capacity building within the criminal undergrounds has been the rising tide, and this has lifted the skill sets of threat actors that sail within them. We see the level of sophistication in the tools they are deploying as well as the manner in which they target vulnerable supply chains and third-party partners.

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