When it comes to security, you’re probably focused on activities such as training staff and protecting your internal network. But what if your greatest threats were coming from your trusted supply chain?
Today, almost every business – across every industry – relies on a trusted network of partners who are helping them achieve their goals. From suppliers and manufacturers to distributors and retailers, there are a huge number of organisations that we’re all dependent on for day-to-day operations.
And that number is only growing.
As businesses continue to develop, their networks are expanding at a rapid rate. But while a large network can enhance operations and make it easier to meet growing demand, it also increases risk.
Risk within the supply chain
The more suppliers that are integral to a seamless workflow, the more vulnerable businesses are to economic, political and environmental risks. Risks that could cost them money, delay delivery times, and have subsequent negative impacts on both customer satisfaction and industry reputation.
The good news is that 79% of CEOs believe that protecting their supply chain is important. The bad news is that many are overlooking one of the biggest risks within the supply chain: cyber threats.
Our Guide to Supply Chain Risk Management takes a closer look at the role supply chains can play in organisational security. However, perhaps the most important aspect to keep in mind here is that supply chain risks aren’t just physical; they don’t just relate to challenges in moving goods.
As organisations begin to fully embrace digital operations, a new wave of supply chain threats is emerging; threats that can leave you vulnerable to data breaches, loss, and theft. When it comes to security, you’re probably focused on activities such as training staff and protecting your internal network. But what if your greatest threats were coming from your trusted supply chain?
It’s time to take a more holistic look at supply chain management.
Holistic supply chain management
Holistic supply chain management means rethinking supply chain security and considering a broader, wider range of potential threats. This means prioritising both physical and digital risks to operations.
While digital threats are often overlooked, businesses can no longer afford to put these risks on the back burner. With research suggesting that 40% of cyber attacks are now originating within the supply chain, rather than directly within a business’ own internal network, we need to take action. We need to identify efficient, effective ways to stop criminals using supplier networks as a back door to the confidential and sensitive data we’re trying hard to protect within our own business networks.
With these types of attacks becoming more commonplace, it’s not surprising to learn that supply chains are now considered to be one of the top 3 risks for businesses operating in today’s landscape.
Proactive measures to protect your supply chain
Fortunately, businesses don’t just have to sit back and accept this increasing risk. Every organisation has the power to take action, and implement measures that can strengthen the supply chain.
The first step is to download our Guide to Supply Chain Risk Management, which introduces the Supply Chain Risk Assessment (SCRA). An SCRA is a strategic starting point for enhancing supply chain security, helping organisations to gain a better understanding of their current position, identify the vulnerabilities that exist within their supply chain, and develop a roadmap to a stronger network.
Remember: you’re only as secure as your weakest link. If your weakest link isn’t as robust as you’d like it to be, the Reliable team are on hand to offer tailored support as you take powerful action.