Building a Resilient Supply Chain

Category: News
Published: 9th December 2024

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As businesses become more digitally intertwined within their supply chains, the frequency of supply chain cyber breaches has increased significantly. This trend is not going to subside in 2025, making supply chain security a topic of growing importance. As businesses expand and outsource, they often lack comprehensive monitoring and understanding of all third-party connections, leaving these entry points vulnerable.

 “Supply chain security is particularly important. It only takes one member of your supply chain to suffer a breach for far reaching consequences. We take our due diligence and checks very seriously when we are working with new vendors to ensure our supply chain remains secure”.

– Duncan Forrest, IT Director

Most companies monitor only 30% of their third-party connections, creating opportunities for cyber criminals. SMEs, constrained by budgets and often lacking cyber security expertise, are common targets in supply chain attacks. As larger businesses tighten their security, attackers are increasingly exploiting SMEs to bypass the strong security postures of their target enterprises. Consequently, large companies will demand stricter security measures from their suppliers.

As the supplier selection process matures, more companies will make cyber security measures mandatory. It is important that your supply chain is sufficiently prepared, or you may lose out on potential customer/vendor relationships. This is already prevalent in the financial sector and is fast becoming the norm across all industries as cyber is increasingly recognised for the value it adds to organisations winning new contracts.

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