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Cyber Security - Supply Chain Risk

Cybersecurity is often overlooked in supply and chain resiliency. Companies are starting to reflect and tighten their supply chain operations due to worldwide supply shortages and interruptions resulting in widespread effects in different fields.

In supply and chain, technology vendors and developers build and deliver novel products. However, it exposes businesses, their finished products, and their customers to cyberattacks.

The fundamentals of supply chain risk management in cybersecurity (C-SCRM) of NIST (National Institute of Standards and Technology) have been updated to assist enterprises in protecting themselves. At the same time, they buy and utilize technological products and services. The NIST Cybersecurity Framework helps businesses understand, manage, and reduce cybersecurity risk while also safeguarding their networks and data. The framework is a non-binding agreement.

The guidance explains how to incorporate cybersecurity supply chain risk concerns and standards into procurement processes and emphasizes the need for risk monitoring. Because cybersecurity risks can occur at any stage in the product's life cycle or any link in the supply chain, the guidance now takes into account potential vulnerabilities such as code sources within a product or retailers who sell it.

But the primary responsibility does not fall on NIST. You must be able to integrate the framework into your business continuity plans to obtain supply chain resilience. Here are what you need to do:

1. Identify

Generate a checklist of all of your equipment, including laptops, cellphones, tablets, and point-of-sale systems. Develop and deliver a cybersecurity policy for the entire firm that covers the following topics:

  • Roles and responsibilities

  • Steps to undertake

2. Protect

It would be best to control logs within your network, control data backups, and use security software. You need formal policies for data disposal.

3. Detect

Monitor your computers for unauthorized personnel access, gadgets (such as USB drives), software, and any odd network or staff activity. Also, look for unauthorized users or connections on your network.

4. Respond

Have a plan in place for things like customer notification, reporting attacks to appropriate channels, and of course, investigating and containing those attacks. It's also recommended to update your cybersecurity policy from lessons learned.

With all this in place, your organization can definitely recover. Your supply chain resilience shines through.

Cybersecurity guidance is something that BCM next can help you with. Integrating the NIST framework will be a walk in the park.

We can offer you an open, diversified ecosystem that drives ethical AI use by enabling data privacy, compliance, and security. Be supply chain resilient with BCM next!


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