6 Moves to Shore Up Vulnerabilities in Your Cyber Supply Chain

Supply chain security weaknesses are serious business risks and prime targets for cybercriminals. By compromising just one vendor, an attacker can gain access to numerous organizations and wreak havoc.

An effective cybersecurity strategy must include proactively managing third-party risks. Without it, all other countermeasures could be pointless.

Resilient cyber supply chain risk management (C-SCRM) requires active protection of multiple fronts. Your C-SCRM program must include these critical components to be effective:

Continuous tracking and monitoring of all vendors in the supply chain

Your vendor’s risk model is effectively yours, too. The only way to thoroughly safeguard your enterprise is to track and analyze its interactions with other third-party entities. This includes all vendor products that integrate into your IT environments, including their entire product development and deployment lifecycle.

You can activate third-party security assessment and monitoring services to get more insight into vendor software activity within your enterprise. Your monitoring process should give you:

Identification of high-risk vendors and assets

A vendor risk assessment (VRA) will help you identify potential vulnerabilities within your supply chain. The VRA should include, but is not limited to, the following factors:

Implementation of security controls to fix vulnerabilities posed by high-risk suppliers

The next step after conducting a VRA is to begin implementing security controls. The following best practices should be used across all your vendor relationships. However, if your company deals with hundreds of vendors, you should prioritize rolling out these security measures with identified high-risk vendors.

Another factor you should consider is the vendor’s business continuity impact on your organization. Securing the vital vendors first will help to minimize any damage you suffer from cyber incidents.

Active engagement with vendors on security improvements

Working closely with your vendors on security improvements is crucial to ensure they take the necessary steps to protect your data through actions such as:

You can take an active role in helping your vendors improve their cybersecurity capabilities to advance your security posture. But if they fail to adhere to your supply chain security requirements or make no attempts to remediate based on the findings you share, it may be time to check if the security protocols detailed in your contract are being met. You may even need to reassess if the vendor is still a best fit for your organization.

No matter how careful you are, you should also build an appropriate operational resilience strategy that will take over in case of vendor failure. It’s good practice to have a continuity plan in place to deal with the potential removal of the vendor or product.

Regular testing and auditing of your security controls

Systematically test and audit your security controls to match C-SCRM best practices. Some common methods include:

Ongoing risk management and mitigation

C-SCRM is an ongoing process, not a one-time event. Its effectiveness relies on regular monitoring and updating to ensure that all vendors in the supply chain comply with security controls. Additionally, C-SCRM should be integrated into your overall security program to ensure that it aligns with your organization’s goals and objectives.