Recent, high-profile data breaches, and the attendant litigation, have many companies scrambling to boost internal cybersecurity plans and protocols. With such serious threats to business continuity, reputations and financial bottom lines, companies are implementing enterprisewide, multidisciplined, integrated approaches to managing and mitigating cyberrisks.
Yet, many of these companies are overlooking potential weak links in their cyberdefense: their suppliers, vendors and business partners. Companies need to ensure that their suppliers and third-party vendors can protect their sensitive data. Supply chains, third-party vendor networks and cybersecurity are inextricably linked to a company's own risk profile. By integrating existing supply-chain risk-management processes with cybersecurity protocols, companies can shore up every link in a company's business chain.
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