Supply chain businesses are increasingly being affected by Ransomware and other cyber-attack
As crime syndicates evolve their business models and attack strategies, businesses are increasing being targeted as part of larger attacks on their customer’s customers. It is no longer realistic to restrict business risk assessments to internal factors, so all supply chain businesses need to consider how they can demonstrate cyber security assurance to their clients.
It isn’t just about reducing cyber-security risks, but also about increasing the value added by your services, where business process transparency and product traceability are highly attractive to corporate buyers, who are under increasing pressure to extend cyber security into the supply chain.
Distributing encrypted business data across multiple cloud service providers offer extreme levels of resilience and security without any significant impact on costs, with opportunities for data escrow. End-to-end encryption ensures that none of the cloud service providers can decrypt business data, which ensures that all data access requires authorised user credentials. Allowing business users to create and manage access control policies allows the business to be more responsive to legitimate information requirements, whilst supporting more granular access controls.
Users and the devices that they use will remain vulnerable to cyber-attacks and social engineering, but the potential damage from successful attacks can be dramatically reduced by these measures. The final element of the solution is using multi-factor authentication (MFA) to authorise individual data requests or groups of data requests, adding end-point protection, security hardening user devices, or using security hardened devices, workstations and workspaces. The same principles and techniques can also be applied within the operational technology arena.
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