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Cyber Supply Chain Risk Management

Leave your supplier risk management to the professionals to be confident that suppliers are doing the right thing.
Cyber Supply Chain Risk Management (C-SCRM), also known as Vendor Risk Management, is the process of identifying, assessing, and mitigating the risks associated with the products and services from suppliers. Organizations are often dependent on suppliers to achieve business objectives. Whether it’s evaluating new suppliers for the best solution that meets your business needs or assessing existing suppliers for security safeguards, leave your supplier risk management to the professionals to be confident that suppliers are doing the right thing.
Surveys by the OCR show 73% of healthcare organizations are only slightly or not confident in their Business Associates ability to handle sensitive information. Perhaps because 1/4th of all breaches and 50% of all records breached involve a supplier. Whether the risk is real or attributed to a lack of visibility, most organizations are rightly concerned about supply chain risks.
Organizations are increasingly at risk of supply chain compromise, whether intentional or unintentional. Managing cyber supply chain risks requires ensuring the integrity, security, quality and resilience of the supply chain and its products and services.
Our Cyber Supply Chain Risk Management services cover the entire life cycle of a system (including design, development, distribution, deployment, acquisition, maintenance, and destruction) as supply chain threats and vulnerabilities may compromise a product or service at any stage.
Having a professional cybersecurity services company step in to assess your supply chain risk is the first step that should be taken.

Our Cyber Supply Chain Risk Management Strategy

Loricca’s strategy involves identifying and assessing risks, determining appropriate mitigating actions, developing a C-SCRM Plan to document selected policies and mitigating actions, and monitoring performance against that Plan. Because cyber supply chains differ across and within organizations, the C-SCRM Plan should be tailored to individual organizational needs.

Cyber Supply Chain Risk Management Deliverables:

  1. Supplier Assessment to inventory, identify and assess risk
  2. C-SCRM Plan:
    • Security Management
    • Incident Management
    • Supplier Business Continuity
  3. Business Associate Agreement review

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