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CIO Review Europe | Wednesday, September 15, 2021
Supply Chain Security encompasses managing physical and cyber hazards, ranging from terrorism and piracy to non-compliance and data loss.
FREMONT, CA: The day-to-day operations of a supply chain are complex, as items and services must be supplied on time and in the correct manner. If these processes are disrupted, an organisation may face significant financial, reputational, and operational challenges.
Due to the vast surface area of modern supply chains, vulnerabilities might exist at every stage or tier of the supply chain. Managing its security has never been more critical, as a single security breach at a third-party supplier could have disastrous consequences for the other organisations in the supply chain.
Complacency is the primary source of concern for supply chain security. According to the Government's Cyber Breaches Survey 2020, there is widespread uncertainty about how the cybersecurity of the suppliers is directly related to an organisation. Simply put, to compete in today's fast-paced, highly demanding consumer market, suppliers must have access to enterprise systems and data to conduct business. This means that, however, inadvertently, the suppliers' systems are linked to enterprises' own, and any vulnerabilities become the responsibility.
The following section describes the top supply chain cybersecurity risks:
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