In our increasingly interconnected world, robust supply chain security is more vital than ever; as networks expand, so do potential risks and vulnerabilities.
The need for heightened supply chain security has never been more pronounced due to the current business environment's interconnectivity. As businesses expand their networks, the potential risks and vulnerabilities within supply chains grow exponentially.
With the increase in the number of ransomware attacks, including some high-profile incidents, many business insurance providers require companies to assess their suppliers to obtain assurance.
Businesses, Governments, and local authorities now require the completion of their security questionnaires as part of their procurement process, and in some cases, these questions can number in the hundreds. Also, their "one-size fits all" approach results in a small supplier of business services having to complete the same questionnaire as an outsourced HR or IT provider.
For small businesses, these questionnaires can be daunting, time-consuming and even a barrier to entry for new business opportunities. We can assist in providing details of why questions are not relevant or appropriate and explain what security controls are in place and how they manage the risk. Where required, we can produce appropriate supporting collateral such as a security policy, risk assessment or other documentation.
We can produce pragmatic security questionnaires to ensure that you understand your suppliers and the risks they pose to the business. We can also support you in evaluating responses and advise you on the risk.
You may be a business that, as a data controller, must carry out security due diligence assessments of any data processor. Alternatively, you may be a business whose customers or insurers contractually require you to carry out third-party security assessments of all your suppliers. In either case, deciding how to carry out a security assessment that is effective, not too demanding on your business or supplier, and offers value for money is a challenge.
There are online third-party supplier risk assessment tools, but they often have a large question set and require tailoring to meet your needs. These solutions can be expensive, and it can be daunting to decide what questions appropriately assess a supplier's risk to your business.
We can thoroughly assess your current procurement and supply chain processes, identify gaps, and compare them to best practices. We'll provide you with an actionable report that outlines recommendations to improve the security of your supply chain and procurement processes.
Whatever you're protecting, we apply defence grade cyber security skills whilst taking into consideration the realities of day-to-day business operations. We help our customers to address their known - and their unknown - cyber risks.
At our core, we believe in the power of personalised guidance. Whether you have questions or feedback, we're here to listen and support you every step of the way. Reach out via the form and we will be in touch as soon as possible.