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Isolating third-party supply chain risks

Steve Forbes, government cyber security expert at Nominet, offers guidance on how to secure your wider data network

Third-party suppliers have been identified as the biggest cyber threat to supply chain security, with research revealing that two in every three attacks focus on the supplier. Such attacks on a single supplier can result in exponential harm, compromising an entire network of providers, and leading to downtime in systems, monetary loss, and reputational damage.

With the number of supply chain attacks multiplying by a factor of four between 2020 and 2021, it’s clearly a threat that shouldn’t be underestimated. Businesses must therefore take steps to isolate the risks posed by third-parties, to minimise the chances of being damaged by an attack.

Dangerous oversight 

Upcoming Events

27
Jan

SC Unlocks: Insurance & Assurance

SC Unlocks: Insurance & Assurance aims to provide delegates with practical and business critical tools on how cybersecurity within the Insurance space works. The briefing will explore the unique challenges of the insurance sector, including how cybersecurity insurance (aka cyber liability insurance) can help reduce liability, strategies for risk management/ transfer, regulatory oversight and cyber asset valuations.