The Internet has opened the door to a world of exciting business prospects that would’ve never before existed, but it’s also paved the way for criminals to conduct cyber attacks. As technology continues to evolve, cyber intrusions have increased in volume and intensity, putting your supply chain at risk.
Last year alone, the FBI’s Internet Crime Complaint Center (IC3) received a total of 298,728 complaints, and reported losses totaling more than $1.3 billion, according to its 2016 Internet Crime Report. On a broader spectrum, IC3 received more than 3.7 million complaints from 2000 to 2016, meaning this is an issue that can’t be ignored.
Over the past few years, several corporate giants have fallen victim to major cyber attacks — i.e. Target, Home Depot, and Walmart — making it clear this is an issue that needs to be taken seriously by every company. Due to the multifaceted nature of supply chains, they are especially vulnerable, so you need to be extra diligent to keep them airtight.
3 Ways to Protect Your Supply Chain From Cyber Attacks
There’s no way to completely eliminate the risk of a cyber attack impacting your supply chain, but following the steps below will help you lower both the chances of it happening and the intensity of it, should one occur.
Create a Set of Standards
Gather your IT team and create careful protocols every member of the supply chain must adhere to. This should include everything from storing and sharing information to processes for managing emails.
Provide training to every member of the supply chain, so they fully understand the new rules and regulations. Keep these standards fresh in their minds by holding periodic reviews to discuss current policies and determine if any new guidelines need to be put in place.
Be Prepared to React
If a security breach happens, your team needs to step into action immediately. Create a communication plan determining what will happen in the event of a cyber attack, so the entire team knows how to respond. Ensuring everyone knows their role in advance will save precious time during the crisis because they’ll be able to start fighting it immediately.
Invest in Security Measures
A cyber attack can be detrimental to your business, so devote the necessary resources to protect against it. Some of these measures involve budgeting extra to work with vendors known for their expertise in the cybersecurity realm and hiring talented IT professionals with experience fighting against hackers.
Tracking down the best engineering, maintenance, and operations management professionals is hard work, so team up with MAC Incorporated to make hiring a breeze. Our recruiters know exactly how and where to find the talent needed to take your company to the top — and stay there. Contact us today to discuss a partnership!