4 Practices for Cyber Supply Chain Risk Management (C-SCRM)

The global supply chain is a powerful part of the economy that connects countless businesses and customers worldwide. As supply chains gain more power, cybercriminals are increasingly targeting them to escalate the impact of their attacks. This has made Cyber Supply Chain Risk Management (C-SCRM) an incredibly valuable practice in today’s economy.

So, what is C-SCRM and why does it matter for supply chains more than ever? Here’s what you need to know about C-SCRM practices and the attacks they can help you prevent.

What Is Cyber Supply Chain Risk Management?

Cyber Supply Chain Risk Management (C-SCRM) is the ongoing process of securing your supply chain, specifically as it relates to Information and Communication Technologies (ICT) and Operational Technology (OT) systems. It involves identifying, evaluating, and decreasing the risks associated with both hardware and software.

Why Supply Chains are Targeted

Every part of the supply chain is deeply interconnected. Suppliers, vendors, retailers, and all other members and all other entities are dependent on each other’s timeliness, accuracy, and cybersecurity strength. Attacking one weak link is an easy way to disrupt a massive amount of businesses at once.

In addition to having a massive potential impact, cyber supply chain attacks have historically been difficult to predict and combat. Customers may be impacted by suppliers that they’re far removed from, and vetting software and hardware has proven difficult for many firms.

How Cyber Supply Chain Threats Have Evolved

Supply chain cyber-attacks are by no means new; however, they’ve certainly become more advanced over the years. While educating employees about cybersecurity basics once sufficed, companies increasingly need to take more proactive and high-tech measures to prevent devastating cybercrimes.

In recent years, the global supply chain has been impacted by skilled ransomware groups, like REvil — the hackers behind the breach of JBS, the world’s largest beef supplier — and Nobelium, which was behind the Solarwinds hack. Supply chain cyber-attacks now cost an average of $1.4 million, with many involving ransomware, Point-of-Sale (POS) system breaches, and loss of devices used for work.

Supply chain breaches are also becoming powerful political weapons, which means governments may be investing in their advancement. For example, the most devastating breach ever — the Notpetya attack that would cost $10 billion globally — originated from Russia due to its ongoing conflicts with Ukraine. The rising intensity of cyber-attacks has inspired a White House executive order to protect supply chains.

However, supply chain leaders shouldn’t expect attacks to slow down with government intervention. As hacks become more sophisticated, businesses need to get proactive about C-SCRM, rather than relying on government support. C-SCRM isn’t just a temporary cybersecurity trend, but rather a solution for much-needed compliance across supply chains.

Recommended C-SCRM Practices

Securing your company’s proprietary technology is no longer enough to mitigate cyber supply chain risks. While you may have strong antivirus software, highly secure architecture, and honeytokens that function as tripwires to help you spot threats, the firms you’re working with may not. Here are four C-SCRM practices that you can implement to further protect your ICT and OT systems.

Get to Know Your Suppliers

With trust in suppliers being the culprit of 62% of supply chain attacks, it’s clear that it’s becoming more and more dangerous to have low visibility into suppliers’ development processes. Intensive vetting processes are more important than ever. Before you consider working with a supplier or vendor, prepare a sizable list of questions about their cybersecurity practices.

Make sure your potential supplier’s answers are detailed, rather than vague. Your IT or cybersecurity team should assist in validating third-party code and confirming whether or not their framework is up to par with your company’s expectations.

Create Security Requirements for Vendors

Your high expectations for suppliers’ and vendors’ cybersecurity processes shouldn’t end in the vetting process. Having your standards defined within contracts and other legally binding documents is key to maximizing your protection.

Additionally, consider hiring staff members who are dedicated to monitoring cybersecurity compliance within and outside of your organization. Risk mitigation is only possible when you have strong processes in place to identify weaknesses before they become issues.

Develop Protocols for Cyber Threats

Completely avoiding risks and threats often isn’t possible, especially for large enterprises as the number and scale of attacks increase exponentially around the world. When you spot a potential or active vulnerability, it’s important to have protocols in place to address it. Suppliers should be included in your improvement efforts.

Of course, if vulnerabilities are spotted within the vetting process, suppliers and vendors should be eliminated from consideration. Collaboration should only occur with suppliers with whom you’ve established a relationship and have proven to be trustworthy, otherwise working with them is likely not worth the risk.

Implement AI and Machine Learning

Though it may seem counterintuitive, implementing more advanced technology can be beneficial in your C-SCRM efforts. Artificial Intelligence (AI) and Machine Learning (ML) are versatile tools that can improve endpoint security by allowing for stronger self-healing endpoint protection throughout the supply chain. They can also help you uncover threats that human error can cause your employees to miss.

Plus, with the implementation of AI and ML, you can increase efficiency and invest in the upskilling of your employees — including your cybersecurity team. This will allow your skilled professionals to level up as quickly as or faster than hackers are advancing.

Protect Your Supply Chain

Cyber Supply Chain Risk Management is growing more invaluable every year. As attacks to supply chains rise, largely due to their drastic impact and unpredictability, supply chain leaders must proactively work to combat threats to ICT and OT systems. In addition to securing in-house hardware and software, businesses must implement intensive vetting processes for suppliers, as blind trust is a common cause of costly breaches. Supply chain leaders must also create strict requirements for vendors and protocols for cyber threats — and frequently monitor for compliance from all parties.

Follow these recommended C-SCRM practices to secure the integrity of your business, as well as protect the entire supply chain.

Frankie Wallace

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You herein acknowledge, understand and agree, unless otherwise expressly provided in this TOS, that there shall be third-party beneficiaries to this agreement.

NOTICE
American Publishing, LLC may furnish you with notices, including those with regards to any changes to the TOS, including but not limited to email, regular mail, MMS or SMS, text messaging, postings on our website Services, or other reasonable means currently known or any which may be herein after developed. Any such notices may not be received if you violate any aspects of the TOS by accessing our Services in an unauthorized manner. Your acceptance of this TOS constitutes your agreement that you are deemed to have received any and all notices that would have been delivered had you accessed our Services in an authorized manner.

TRADEMARK INFORMATION
You herein acknowledge, understand and agree that all of the American Publishing, LLC trademarks, copyright, trade name, service marks, and other American Publishing, LLC logos and any brand features, and/or product and service names are trademarks and as such, are and shall remain the property of American Publishing, LLC. You herein agree not to display and/or use in any manner the American Publishing, LLC logo or marks.

COPYRIGHT OR INTELLECTUAL PROPERTY INFRINGEMENT CLAIMS NOTICE
& PROCEDURES
American Publishing, LLC will always respect the intellectual property of others, and we ask that all of our users to the same. With regards to appropriate circumstances and at its sole discretion, American Publishing, LLC may disable and/or terminate the accounts of any user who repeatedly violates our TOS and/or infringes the rights of others. If you feel that your work has been duplicated in such a way that would constitute copyright infringement, or if you believe your intellectual property rights have been otherwise violated, you should provide to us the following information:
a) The electronic or the physical signature of the individual that is authorized on behalf of the owner of the copyright or other intellectual property interest;
b) A description of the copyrighted work or other intellectual property that you believe has been
infringed upon;
c) A description of the location of the site which you allege has been infringing upon your work;
d) The physical address, telephone number, and email address;
e) A statement, in which you state that the alleged and disputed use of your work is not authorized by the copyright owner, its agents or the law;
f) And finally, a statement, made under penalty of perjury, that the aforementioned information in your notice is the truth and accurate, and that you are the copyright or intellectual property owner, representative or agent authorized to act on the copyright or intellectual property owner’s behalf. The American Publishing, LLC Agent for notice of claims of copyright or other intellectual property infringement can be contacted as follows:
Mailing Address:
American Publishing, LLC
Attn: Copyright Agent
17 Hoff Court, Suite B
Baltimore, Maryland 21221
Telephone: 443.231.7438
Fax: 410.238.2835
Email: karen.austin@uscybersecurity.net
CLOSED CAPTIONING
BE IT KNOWN, that American Publishing, LLC complies with all applicable Federal Communications Commission rules and regulations regarding the closed captioning of video content. For more information, please visit our website at www.uscybersecurity.net.

GENERAL INFORMATION
ENTIRE AGREEMENT
This TOS constitutes the entire agreement between you and American Publishing, LLC and shall govern the use of our Services, superseding any prior version of this TOS between you and us with respect to American Publishing, LLC Services. You may also be subject to additional terms and conditions that may apply when you use or purchase certain other American Publishing, LLC Services, affiliate Services, third-party content or third-party software.

CHOICE OF LAW AND FORUM
It is at the mutual agreement of both you and American Publishing, LLC with regard to the TOS that the relationship between the parties shall be governed by the laws of the state of Maryland without regard to its conflict of law provisions and that any and all claims, causes of action and/or disputes, arising out of or relating to the TOS, or the relationship between you and American Publishing, LLC, shall be filed within the courts having jurisdiction within the County of Baltimore, Maryland or the U.S. District Court located in said state. You and American Publishing, LLC agree to submit to the jurisdiction of the courts as previously mentioned, and agree to waive any and all objections to the exercise of jurisdiction over the parties by such courts and to venue in such courts.

WAIVER AND SEVERABILITY OF TERMS
At any time, should American Publishing, LLC fail to exercise or enforce any right or provision of the TOS, such failure shall not constitute a waiver of such right or provision. If any provision of this TOS is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of the TOS remain in full force and effect.

NO RIGHT OF SURVIVORSHIP NON-TRANSFERABILITY
You acknowledge, understand and agree that your account is non-transferable and any rights to your ID and/or contents within your account shall terminate upon your death. Upon receipt of a copy of a death certificate, your account may be terminated and all contents therein permanently deleted.

STATUTE OF LIMITATIONS
You acknowledge, understand and agree that regardless of any statute or law to the contrary, any claim or action arising out of or related to the use of our Services or the TOS must be filed within year(s) after said claim or cause of action arose or shall be forever barred.

VIOLATIONS
Please report any and all violations of this TOS to American Publishing, LLC as follows:
Mailing Address:
American Publishing, LLC
Attn: Copyright Agent
17 Hoff Court, Suite B
Baltimore, Maryland 21221
Telephone: 443.231.7438
Fax: 410.238.2835
Email: karen.austin@uscybersecurity.net

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