Supply chain efficacy and complexity are increasing hand-in-hand. Even as digital tools improve inventory management and delivery tracking, executives point to concerns around visibility and fluctuating consumer demand.
Yet, the adoption of technology-driven solutions comes with another concern: supply chain cyber security. It’s true that cloud-based devices empower inventory oversight and mobile applications make it easier for executives to respond as demand curves change. However, malicious actors are leveraging gaps in digital defenses to compromise key functions and impair supply chain consistency.
As a result, organizations need robust cyber supply chain risk management that accounts for both existing applications and emerging IT. These security solutions can help minimize disruption and enhance overall security.
Monitoring Supply Chain Threats
Cyber security in supply chain management is informed by the evolving threat landscape. It’s critical for organizations to both assess and address key threat vectors, including:
- Malware — Attackers leverage common compromise techniques — such as phishing attacks — to gain network access and infect key systems. If employees click on malicious links or provide account details, it’s possible for hackers to infiltrate critical infrastructure and then alter or exfiltrate crucial supply chain data.
- Ransomware — Ransomware remains one of the top supply chain cyber threats. By taking advantage of supply chain cyber security weaknesses, attackers can obfuscate and encrypt key data, then demand payment for its release.
- Software vulnerabilities — Existing software vulnerabilities can increase supply chain cyber risk. In many cases, companies aren’t aware of open-source issues or legacy code concerns, making this an ideal avenue for hackers.
- Counterfeiting — Counterfeit products tied to your supply chain can have devastating long-term effects on reputation and reliability. Here, cyber security supply chain management is critical to catalog current assets and identify doppelgangers as quickly as possible.
- Complexity — The increasingly complex supply chain landscape makes it difficult for teams to achieve both on-demand tracking and inventory transparency. This level of intricacy provides ample opportunity for attackers. Effective supply chain cyber security helps improve visibility and limit total risk.
Linking Best Practices to Essential Outcomes
Before deploying specific solutions to manage supply chain cyber risk, organizations must align best practices and desired outcomes.
First is assessment. What security measures are in place? How effective are they at detecting and deflecting current threats, and where is there room for improvement? Robust analysis can help connect defense techniques and specific needs, in turn reducing total cost and complexity.
Next, organizations must evaluate relevant industry risks. Here’s why: Every supply chain is unique. While the general purpose is ubiquitous across sectors and organizations, individual business requirements and risks vary significantly. Therefore, it’s critical to identify the top cyber threats to your operations in order to find the best-fit security solutions.
Finally, supply chain enterprises must recognize the scope of cyber security in supply chain applications. While digital deployments now empower on-demand connections and real-time inventory tracking, protecting these assets isn’t enough in isolation. In fact, companies must deploy cyber supply chain risk management plans that address critical concerns at each step of the sourcing, procurement, inventory, delivery and completion processes.
Building Better Supply Chain Cyber Security
At HALOCK, we’re committed to helping you build better supply chain cyber security with services such as:
- Security Staffing — The right IT experts make all the difference. Our team of experienced industry professionals can help bridge key supply chain cyber risk gaps and recommend solutions to improve overall security posture.
- Security Engineering – The goal is reduce total IT risk by implementing security controls and processes that address needs across your network. HALOCK provides comprehensive services such as Threat-Based Security Architecture Review & Analysis that offers insight specific to the supply chain and logistics industry, plus Security Threat Management.
- Penetration Testing — If you can’t see it, you can’t protect it. Penetration testing from HALOCK helps identify potential weak points across networks and applications — before cyber attackers do the same.
- Incident Response — Agility is the hallmark of successful supply chain organizations. Our incident response solutions help you prepare for potential cyber attacks, quickly identify root causes and reduce the risk of ongoing threats. HALOCK’s incident response management, process, and planning provide comprehensive coverage in the event of a cyber security breach.
- End-to-end Security Management — Supply chain threats are physical, digital and operational. Build effective end-to-end cyber supply chain risk management with our maintenance, CIS (Center of Internet Security) Risk Assessment Methodology (CIS RAM) and Duty of Care Risk Analysis (DoCRA) services.
- Third-party risk management (TPRM) and Vendor Risk Management — From software to hardware to infrastructure and network tools, suppliers, vendors and contractors are critical to success. But they also can introduce supply chain cyber risk. HALOCK can help build TPRM programs that deliver both performance and protection. It is also a good time to review your existing third party partners, as their risk profile may have changed.
- Privacy Protection — Protecting customer and partner data is critical for supply chain cyber security, HALOCK experts can help you understand key privacy requirements (such as CCPA) and deploy effective security policies at scale.
- Policies & Procedures and Cyber Security Awareness Training — Ensure your teams are well-versed in how to manage company devices, understand potential threats, and how to communicate risks to the proper parties. Our teams can frame guidelines and protocols specific to your organization.
Enhancing Security Supply Lines with HALOCK
Expanding supply chains introduce new levels of complexity, while evolving digital services can increase cyber security risk. HALOCK Security Labs helps you find a balance with reasonable and appropriate safeguards, exactly the right amount to ensure due diligence without breaking your budget.
Our industry expertise and IT experience empower HALOCK to act as your full-service digital security partner. From creating an inventory of supply chain threats to building out best practices, developing end-to-end defensive plans and deploying essential services, we’re here to help your business forge critical links across supply chain speed, sustainability and security.
UPDATE: If you work with the Department of Defense or plan on submitting contract bids, you should be ready for Cybersecurity Maturity Model Certification (CMMC).
HALOCK can help. Let’s talk.
The basics of CMMC (Cybersecurity Maturity Model Certification).
Enhance your security strategy to address your changing working environment and risk profile due to COVID-19. HALOCK is a trusted cyber security consulting firm, compliance, and penetration testing company headquartered in Schaumburg, IL in the Chicago area servicing clients on reasonable security throughout the United States.