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Cyber Security Supply Chain Risk — Understanding Risks — Part 2
Understanding the CyberSecurity Risks Related to Supply Chain
In the previous story, we looked at some basics of supply chain security risks. In this story, we will take a look at the key components of the supply chain, different standards, threats, vulnerabilities, scenarios covered within the risk assessment, resources, and final thoughts.
The key components of Cyber Supply Chain Risk are — (1) Risk Assessment and Identification (2) Vendor Selection and Due Diligence (3) Contractual Agreements (4) Continuous Monitoring (5) Incident Response Planning (6) Data Protection and Encryption (7) Resilience and Contingency Planning (8) Employee Training and Awareness (9) Regulatory Compliance (10) Communications and Collaboration (11) Testing and Validation (12) Governance and Oversight.
By addressing these components, organizations can develop a comprehensive cybersecurity supply chain risk management strategy that safeguards their operations, data, and reputation while maintaining the resilience of the interconnected network of partners and vendors.