As a supplier, it's vital to take steps to improve your threat defense, building and executing a plan to protect your business partnerships.
One of the simplest things you can do is increase your own employees' cyber awareness. One study conducted by a team of security researchers and professors at Stanford University found 88% of data breaches are caused by human error and Verizon’s 2021 Data Breach Investigations Report revealed a similar pattern, with 85% of breaches it studied involving the human element. Training employees to spot a phishing email or teaching them about proper password security can go a long way toward protecting your company and its key business relationships. You can use a number of free resources online, including the National Initiative for Cybersecurity Education, to increase your team's cyber security knowledge. Further, employees should be encouraged to agree to an Acceptable Use Policy (AUP) that outlines what they can and cannot do with corporate IT assets. Verizon’s 2021 Mobile Security Index offers tools for companies to develop a UAP.
Managed security services also can strengthen your company's security posture. With so many security solutions on the market, it can be difficult to know which solution or suite of products will work best for your business. This is why enlisting the help of a managed services provider can prove beneficial.
A managed services provider will offer a unified platform, a suite of services, or interoperable solutions that streamline security operations for your company. This can include 24/7 threat monitoring, mobile device management—for strengthening smartphone security, tablets, and other remote access devices—and endpoint management to help you track all the devices, applications, and systems that connect to your wireless network.
Identity and access management solutions that monitor and grant access to authorized users, along with managed detection and response services, can also help your company prevent a breach or quickly recover in the event a security incident occurs. Depending on the nature of your business and what you can afford to invest in, you may only need a few of these solutions. However, each of these technologies can contribute to a multi-layered approach to security overseen by a managed services provider that defends against supply chain attacks.
As the threat landscape evolves, every supplier will need to prioritize security and be more aggressive about reducing their risks. Your customers trust you to protect their valuable data. Honor that trust by doing everything in your power to prevent a supply chain attack with an evidence-based cyber risk management program.
Learn more about how Verizon can help you build an evidence-based cyber risk management program and improve your threat defense.