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 (SCRM) 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.
“…the PEN test went well, and business was not affected by it, which is very important during our busy season.”
– Logistics and Freight Transportation company
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 sensitive data scanning, Threat-Based Security Architecture Review & Analysis that offers insight specific to the supply chain and logistics industry, as well as Security Threat Management. Proactively implementing a comprehensive security strategy can help mitigate system disruption and operational downtime. An ongoing review of your threat landscape is a best practice for your industry through a managed detection and response program (MDR) or Threat Hunting Program.
- Supply Chain Risk Assessment – Regulations require your safeguards be reasonable to your organization, customers, and partners. With many frameworks available, how do you establish your acceptable risk? The Duty of Care Risk Assessment (DoCRA) helps you define a reasonable security strategy factoring in compliance and safeguards based on your specific mission, objectives, and social responsibility. With the HALOCK Industry Threat (HIT) Index, understand the supply chain threat landscape to identify potential risks and threats to your network. A thorough analysis can determine where to prioritize your investments for a reasonable and appropriate cybersecurity supply chain risk management plan.
- 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. Consider a Recurring Penetration Testing program to assess your safeguards throughout the year for a proactive security approach.
- 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. Explore an ongoing program that gets in front of any potential cyber security threats or attacks. You can be response ready with an Incident Response Readiness as a Service (IRRaaS) program.
- 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 ongoing risk management / security maintenance 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. A required best practice is to always conduct a supplier risk assessment to keep your vendors on point with your security posture. 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 cyber security threats, and how to communicate risks to the proper parties. Our teams can frame guidelines and protocols specific to your organization.
- Cybersecurity Maturity Model Certification (CMMC) Readiness – Prepare for the new CMMC certification requirement to continue working with the Department of Defense (DoD) or to bid on projects with the DoD.
Learn about our comprehensive approach to risk with our Risk Management Program.
CMMC UPDATE: NIST SELF-ASSESSMENT REQUIREMENTS
“Under the new rule, these entities will need to conduct a “Basic” self-assessment of their compliance with the NIST Requirements, and submit the results of that assessment to DoD through the Supplier Performance Risk System (“SPRS”). Contractors will need to update this self-assessment every three years or sooner if required by a contract. Starting November 30, 2020, contractors will not be eligible for new contracts (including task orders and delivery orders) or for options on existing contracts, unless the self-assessment score is posted on SPRS. DoD expects that it will take 30 days from submission to have the self-assessment score posted on SPRS, so it is important for contractors to submit their assessment at least 30 days prior to the November 30, 2020 implementation date.”
“The project scoping team did a great job, and exceeded all expectations. We were very satisfied with the project. Thank you!”
– Global Logistics Provider
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. Let us support your specific needs with a supply chain risk analysis and risk management plan – we can support your management of risks operations.
“The response time was great. HALOCK was able to help put us on the road to recovery as quickly as possible.”
– Electrical Equipment Supplier
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.