Third-Party Supply Chain Security Risks to Avoid

If you think you will never face third-party supply chain security risks, you are in for a rude awakening. The systems businesses use nowadays are supported by cloud vendors and other service providers. Now, you may say that you are basically a service-based company. Why should you be worried about supply chain risks? You use various service licenses and platforms every day that third parties take care of. This network itself can make you vulnerable if you do not maintain constant vigilance. In this article at Information Age, Simon Eyre shares how third parties can cause supply chain issues if you are not alert.

Supply Chain Security: Are You Alert?

Exposed Attack Surfaces

Organizations are conducting digital transformation to modernize their business model. Since people are yet to fully understand its benefits and vulnerabilities, it creates various attack surfaces. If any attack trickles down to network vendors, other companies also bear the brunt of service downtime. In fact, 56 percent of organizations can experience increased software supply chain breaches in 2022. Interestingly, 34 percent have not yet reviewed their attack surface exposure.

Change in Work Model

Most companies transitioned to hybrid or remote work models during the pandemic. So, companies have to regularly check their in-house systems and mobile devices and networks their stakeholders are using. Organizations must then monitor the supply chain security breach probability their staff network might create.

3 Ways to Improve Supply Chain Security

Learn how data flows between the organization and third parties. You should be able to create a network blueprint. This would enable detecting the vulnerable points that could cause supply chain risks.Be on high alert by having a zero-trust model in place for all network accesses from third parties to avoid security breaches. You can prevent breaches from duplicate accounts by recognizing anomalies.Respond immediately to a supply chain security breach. Do not wait for upper management to give the nod. Shutting down operations is better than providing hackers time to infiltrate deeper into the network.

To view the original article in full, visit the following link: https://www.information-age.com/considering-security-risks-from-third-parties-in-supply-chain-123499189/

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