You Should Know - Supply Chain and Third-Party Risk

You Should Know what goes on in your business's security land scape.

How can you be sure that your suppliers and partners are not putting your business at risk with their own security weaknesses? Is your business's reputation being protected?

Let’s discuss.

1.        Supply Chain Risks

2.        Focus on Third-Party Risks

3.        Impact on Business Operations

4.        Our Specialized Services

5.        Proactive Risk Management

What is Supply Chain and Third-Party Risks?

Imagine a chain. Each link in the chain represents a company or organization involved in producing or delivering a product or service. If one link in the chain is weak or breaks, the entire chain can be affected.

That's essentially what supply chain risks are. It's about the potential dangers that can arise from the companies or organizations that a business relies on. These risks can range from quality issues to security breaches. Third-party risks are a specific type of supply chain risk. They refer to the risks associated with external entities that a business works with, such as vendors, suppliers, or contractors.

How does this affect your business?

•             Vulnerable Attack Surface: When a business relies on third-party services, it effectively expands its digital footprint. This means there are more potential entry points for cyberattacks.

•             Data Exposure: If a third-party service provider experiences a data breach, the sensitive information of the business's customers and employees could be compromised.

•             Disruption of Operations: A cyberattack on a third-party service provider could disrupt the business's operations, leading to financial losses and damage to reputation.

In short, supply chain and third-party risks are a growing concern in cybersecurity. They can introduce vulnerabilities and expose businesses to potential threats. With our specialized services Securicom can help with third-party assessments, continuous risk- and vulnerability monitoring, and security control validations on your supply chain, ensuring that risks and vulnerabilities from supply chain partners are identified and reported in real time.

Contact us at Sales@securicom.co.za to see how we can change the way you see security.