Six Steps to Managing
Supply Chain Cyber Risk
Identification of cyber threats is useful, but it's only one part of the equation.
Cyber supply chain breaches now make up over half of all cyber threats and therefore have come to the forefront of the conversation surrounding national security.
Third party breaches rely on economies of scale to cause financial loss, reputational damage, interruption of operations, compromise to public safety, loss of life, and economic panic. While more rigorous regulations may help to reduce collective risk, a more prescriptive approach is needed to address the vulnerabilities introduced through third party technologies.
Vigilance in cybersecurity efforts must take into account the entire ecosystem of hardware and software components and subcomponents.