
CYBER SUPPLY CHAIN RISK MANAGEMENT SERVICES
Cyber Supply Chain Risk Management (C-SCRM) is identifying, assessing, and mitigating the risks associated with the distributed and interconnected nature of IT/OT product and service supply chains.
Together with all of our partners to identify and address potential supply chain risks, we can provide you with the technology and information you need while upholding the highest standards of cyber security. Because they are knowledgeable and experienced in managing the risk associated with the cyber supply chain, our technology team consistently works to keep our and your data secure.
Cyber Security Supply Chain Risk Management
Vendors and third-party partners assist your business in growing and remaining competitive. However, they also expose your organization to cyber risk. A few examples are the SolarWinds hack and the Target breach; the supply chain can contain weak links, making it a favorite attack vector for hackers.
This is because malicious attackers look for the weakest link in an organization's security posture. This is often found in your company's interconnected supply chain. When dealing with potentially hundreds of vendors, some of whom handle sensitive data, third-party and supply chain risk management can be overwhelming, but it is necessary to manage.
Addressing these cyberattacks requires a layered defense in which third-party integrations are audited, endpoints are monitored for post-compromise actions, and an Incident Response plan that considers supply chain risks is put in place to minimize impact.
Cyber Supply Chain Risk Management
Suppliers and third-party partners are routinely assessed using audits, test results, or other forms of evaluations to confirm they are meeting their contractual obligation.
Defining the Audit and Verification Process
Identify Controls to be Verified and Method of Verification
Conducting Supplier Audits
Maintaining the Verification Process
Eliminating Gaps in Contractual Compliance
Supply Chain Risk Assessment Services
With the Supply Chain Risk Assessment, you can measure your organization’s strategy, capabilities, and controls associated with your supply chain. Here is what you get:
+ Cyber Supply Chain Risk Management Services
+ Red Team Attack Simulation Services
+ Network Penetration Testing Services – External or Internal
+ Web Application Penetration Testing Services
+ Mobile Application Penetration Testing Services
+ IoT Testing Services
+ Social Engineering Penetration Testing Services
+ Ransomware Attack Simulation Services
Cyber Supply Chain Risk Management (C-SCRM) Best Practices
Prevent vendor cybersecurity gaps from disrupting business operations and impacting your customers. Start by evaluating your cybersecurity supply chain risk management strategy, capabilities, and controls.
Understand Profiled, Inherent, and Residual Vendor Risk
Understanding different types of vendor risk can enable you to make data-based decisions on how to apply vendor risk questionnaires, as well as to accurately compare vendors based on measurable risk. To put it simply:
Profiled Risk: Relates to risk based on the service that the contractor is performing. An MSP that has access to your IT environment likely poses far more risk than a plumbing company.
Inherent Risk: Inherent risk is the amount of risk a company poses prior to implementing security controls required by your organization.
This C-SCRM product and services assurance questionnaire addresses the following areas of risk:
Acknowledgment. Management and employees need to feel empowered to pass on bad news and lessons from mistakes. This openness fosters an environment where it is okay to voice and deal with issues. Culturally, it is critical that the organization not get discouraged or point fingers when a risky event occurs and instead work harmoniously towards a rapid resolution.
Transparency. Leaders must clearly define and communicate an organization’s risk tolerance. Risk mitigation often has an associated incremental cost, and so it is important to align on which risks need to be mitigated and which can be borne by the organization. An organization’s culture should also allow for warning signs of both internal and external threats to be openly shared.
Responsiveness. Employees need to be empowered to perceive and react rapidly to external change. This can be enabled by creating an ownership environment, where members feel responsible for the outcome of actions and decisions.
Respect. Employees’ risk appetites should be aligned with organizations so that individuals or groups do not take risks or actions that benefit themselves but harm the broader organization.
Risk Identification. The only way to address risk is to make sure you’re identifying it in the first place. The first phase of the risk management lifecycle is to establish a risk profile and then enact active monitoring to keep it up to date.
Risk Assessment, Understand what impact a risk event could have on your business. Be aware of those partners who have a significant impact on sales, margins, or profit.
Risk Mitigation. Define both preventive action plans and reactive action plans. These provide the basis for addressing risk using appropriate measures to secure supply and protect the brand.
Supply Chain Findings Report
Leveraging our proprietary vendor due diligence framework, CyberSecOp assesses your cyber risks, documents our findings, and provides recommendations to help you guide your supply chain vendors to achieve a desirable risk posture.
What is Supply Chain Risk Management?
Supply-chain risk management is part of the wider process of supply-chain management, which involves managing the entire production flow of your business. It’s the process of identifying risks in your supply chain, assessing the likelihood and severity of these risks, and taking strategic steps to eliminate or control them.
Supply-chain risk-management strategies should be worked into your business’ policies, procedures, and operations — and those of your suppliers. This can help you ensure risks are controlled, and that compliance is maintained throughout your entire supply chain.