Supply chain attacks are a growing concern as they can provide cyber criminals a way to infiltrate a company’s systems and steal sensitive information. For businesses, it is crucial to be aware of the security protocols of their suppliers, and take steps to ensure that they align with their own security standards. In this article, we will explore the importance of reviewing all suppliers and provide practical tips and best practices for assessing the cyber security risks associated with working with third parties and vendors.
- Develop a vendor risk management process to assess and review the cyber security protocols of suppliers.
- Understand the security controls used by vendors and ensure that they are at a similar level of security as your organization.
- Use contracts and agreements to ensure suppliers comply with your security policies
- Continuously monitor third-party access to your network and systems, and look out for unusual activity.
- Have incident response protocols in place to detect and respond to any security breaches.
- Consider implementing Security Information and Event Management (SIEM) system to monitor and alert of any security breaches.
- Train your employees on the potential risks associated with working with third parties and vendors and how to spot potential security threats.