Supply Chain Risk Management (C-SCRM)

Every business depends on suppliers such as vendors, service providers, contractors, and systems integrators to provide critical input. But suppliers can also introduce business risk. Supply chain risk management (SCRM) is the business discipline that aims to understand and mitigate supplier risk. 

What exactly is a supply chain attack and how does it impact your organization? A supply chain attack is a type of cyberattack that targets an organization's external suppliers and vendors. This can have significant consequences for the organization, such as financial losses, damage to reputation, and costly recovery efforts. 

The process of identifying and mitigating potential risks to your supply chain is known as cyber supply chain risk management. This includes assessing third-party vendors' security, ensuring that their products and services meet the necessary security standards and putting measures in place to protect against potential cyberattacks.

As we navigate through today's competitive business world, it's essential to understand how to manage cyber supply chain risks. Failing to do so could mean the difference between maintaining order within your daily operations and facing the chaos of ruthless cybercriminals. We can help ensure you have the necessary processes and technologies in place to reduce your risk.