Addressing Digital Supply Chain Risks

Aashish Yadav | July 12, 2022 | 713 views | Read Time : 2 min

Addressing Digital Supply Chain Risks

Technology is a constantly evolving landscape in which we adapt and progress year after year, much like the Moore's Law theory of processing speeds. On the other hand, cybersecurity gets more complicated and distinctive as software and hardware vulnerabilities start changing. This makes the digital environment for security professionals bigger and more complex. Digital Supply Chain Risk is one of the top seven cyber security trends for 2022, according to Gartner. Given the recent track record of successful supply chain hacks, CISOs and CIOs should not be surprised. The issue is, how can you successfully prepare your business to defend against a supply chain attack?

What Are the Digital Supply Chain's Risks?
Whatever definition you choose, there are a lot of threats in the digital supply chain. Physical supply chains that employ IoT, for example, are vulnerable to hacking. According to Ponemon research, although encryption is rising in areas such as freight and manufacturing, 60% of the organizations surveyed revealed partial encryption of their IoT and 61% revealed partial encryption of their IoT platforms.

Threats to a company's extended digital ecosystem, on the other hand, are even more concerning. Third-party businesses in your supply chain are not your employees; they are frequently not on-site, and you cannot demand compliance as you do with employees. This is the reason for alarm; according to the Ponemon Institute's latest Cost of a Data Breach study, data breaches committed by third parties increase the cost of a data breach by an average of $207,411. Vendor information security measures are harder to verify, take longer to detect, and may take much longer to fix.

Regardless of the fact that third-party information risk is a very serious concern, many companies are unprepared for a supply-side data breach. According to Protiviti's 2019 Vendor Risk Management Benchmark Study, only 40% of businesses have a fully developed vendor risk management process in place. A third of those surveyed said they had no risk management program or used an ad hoc risk management method.

How Can You Keep the Digital Supply Chain Secure from Risks? Knowing your extended environment isn't as simple as it seems. While you may be aware of your suppliers, you may not be aware of theirs. You can feel helpless to check your suppliers' security procedures.

If so, review your vendor management system. Traditional static third-party monitoring, like surveys, isn't adequate to safeguard your data and networks from supply chain bad actors. Static monitoring produces a snapshot of your suppliers' controls at a certain time-what if all their software is patched today, but what about tomorrow? Constant monitoring is the best method to manage third-party partnerships and secure data.

Spotlight

Mend

Mend, formerly known as WhiteSource, is the application security provider of choice for six out of 10 of the world’s most demanding software developers. With Mend, organizations can resolve the application security challenges that pain developers and security teams alike, so they can deliver secure software, faster. Mend secures all aspects of software, providing automated remediation from problem to solution versus only detection and suggested fixes. With more than 1,000 customers, Mend helps enterprises like Microsoft, IBM, and Comcast to improve their application security outcomes.

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Mend, formerly known as WhiteSource, is the application security provider of choice for six out of 10 of the world’s most demanding software developers. With Mend, organizations can resolve the application security challenges that pain developers and security teams alike, so they can deliver secure software, faster. Mend secures all aspects of software, providing automated remediation from problem to solution versus only detection and suggested fixes. With more than 1,000 customers, Mend helps enterprises like Microsoft, IBM, and Comcast to improve their application security outcomes.

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Veristor Partners with SANS Security Awareness to Deliver Employee Security Awareness Training

Veristor Systems, Inc. | September 28, 2022

Veristor Systems, Inc., a trusted provider of transformative business technology solutions, and SANS Security Awareness, the global leader in providing security awareness training, today announce that Veristor has become a certified provider of SANS Security Awareness' comprehensive suite of products to enable a data-driven approach to cybersecurity training for an organization's end users. "Researchers from Stanford University found that as much as 88% of all data breaches are caused by an employee mistake. "This shows that end users are the most critical vulnerability gap in today's enterprise. Yet if properly trained, they can also be the most resilient security defense – a human firewall. Together with the experts from SANS Security Awareness we are helping customers guard their environments with an army of well-trained employees. With proven training to spot and act when suspicious activity arises, users can take an active role in preventing the growing wave of cyberattacks." Daniel Martin, Principal Security Consultant, vCISO, Veristor The SANS Security Awareness suite of dynamic multilingual computer-based training, games, phishing simulations, and engagement materials teach vital security behaviors to effectively manage human cyber risk. With different training styles to match different corporate cultures, employee comprehension levels, and learning preferences, SANS Security Awareness training equips workforces to recognize and prevent current cyberattacks, including work-from-home threats. The platform delivers valuable metrics to measure the effectiveness of each program, and customization features to tailor training to meet specific organizational needs." With some groups requiring even greater specialized training, in addition to addressing core human behavior risk topics, SANS Security Awareness also offers secure development and coding techniques, understanding NERC CIP compliance requirements, and handling Industrial Control Systems (ICS) incidents. "We are very pleased to be partnering with the cybersecurity experts at Veristor to provide the SANS Security Awareness program to their customers," said Brad Stilling, Director of Global Sales for SANS Security Awareness. "Regular awareness training is an essential activity for organizations looking to ensure security and compliance. When employees feel informed and empowered to recognize and address cyber risks, they can protect the organization. With SANS Security Awareness, Veristor customers are now better positioned to detect and prevent cyber-attacks." For organizations starting their awareness training journey, Veristor delivers a SANS Human Risk Insight assessment to identify program cost reductions, eliminate unneeded staff training, and create risk metrics to baseline and benchmark an organization's human cyber risk. The SANS Security Awareness training solutions are now offered as a part of Veristor's suite of security solutions that are designed to solve business challenges through the intelligent application of next-generation security technology. About Veristor Systems, Inc. Veristor, which recently announced a merger with Anexinet, is a leading provider of transformative business technology solutions that helps its customers accelerate the time-to-value for the software, infrastructure and systems they deploy. We do this by harnessing deep expertise in today's most advanced data center, security, networking, hybrid cloud, and big data technologies and guiding businesses to the right solutions for their most pressing challenges. And with a full suite of design, deployment, support, and managed service offerings, we work shoulder-to-shoulder with our customers at every step of their technology journey to make technology truly work for them. About SANS Security Awareness SANS Security Awareness provides organizations with a complete and comprehensive security awareness solution, enabling them to easily and effectively manage their human cybersecurity risk. SANS Security Awareness has worked with over 1,300 organizations and trained over 6.5 million people around the world. The SANS Security Awareness program offers globally relevant, expert authored tools and training to enable individuals to shield their organization from attacks and a fleet of savvy guides and resources to work with you every step of the way.

Read More

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