Cybersecurity Supply Chain Risk Management

In a fast-paced world and extensive emerging technology adoption, organizations across various sectors (i.e. Technology, Finance, Telco, O&G, Government, etc.), are increasinglyreliant on an ecosystem of suppliers to provide products and services such as software, hardware, legal, advisory and more to fulfill their missions in a cost-effective, timely and efficient manner.

This intricate inter-dependence does not only exist within organizations, but extends to the suppliers themselves as operating entities. Managing cybersecurity supply chain risks has become an imperative to empower secure, resilient and trusted operation for organizations. 

Cybersecurity supply chain risk materializes when one of the suppliers used by an organization experiences a security incident that consequently result in a breach to the data they are retaining, or processing on your-behalf, or renders the services they provide unavailable or insecure. Such a compromise could be attributed to third-party supplier access to your systems or data within your organization, use of their applications or software components. Therefore, such a breach might not be necessarily confined to data breach but could also lead to operational, health and safety, brand, financial or regulatory compliance impacts on your organization mission.