Combine strong governance with increased resilience and reduced costs to create a trusted, scalable framework for Supplier Cyber Risk Management.
Develop a policy that outlines the company's approach to managing cyber risk in the supply chain and sets guidelines for identifying and assessing risk, developing risk management plans, implementing security controls, monitoring and reviewing risks and incident response.
Work with your company's IT or Cyber department to develop these.
Create and implement a process for assessing the cyber risk posed by suppliers. This should be as automated as possible, allowing for the step to become a seamless part of a wider Vendor Risk Management process.
Darkbeam provides a platform for near-instant cyber risk assessments which can scale to meet even the largest supply chains. Click to create an account (or click here to learn how Darkbeam can do this work for you).
Create a map of the supply chain, including a Value at Risk model, to identify potential vulnerabilities and single points of failure.
Using the results of the risk assessments above will make this process consistent, however this relies upon your risk assessments being carried out across the entire supply chain.
Include cyber security clauses in contracts with suppliers, such as requiring them to implement specific controls, and notify the company in the event of a cyber attack.
Work with your company's IT or Cyber team to develop these requirements.
Continuously monitor suppliers for potential cyber threats and incidents and review risk assessments as needed. As with the initial risk assessment, this should be a largely automated process to increase accuracy and reduce the time commitment required.
Establish regular communication and collaboration with suppliers to address cyber risk issues and share information about potential threats.
Remember that their level of cyber risk directly impacts yours, so this regular sharing of information is mutually beneficial in reducing the costs and disruption that a cyber incident might cause.
Ensure that employees are continuously aware of the risks associated with cyber attacks on supply chains and how to protect against them through regular training and awareness campaigns.
Darkbeam's Supplier Cyber Risk Management Service takes the work off your team while providing world-class expertise at a fraction of the cost of building an in-house resource. Benefit from increased risk visibility, enhanced reporting, comprehensive threat monitoring and tailored strategic advice. No supply chain is too complex. Complete the form below to learn more.