Executive Briefings

Memo to Supply Managers: Cyber-attacks Will Happen, So Protect Customers' Information

Cyber-security breaches at major companies grab headlines as legislatures and regulators at the state, federal and international levels develop "rules of the road" for protecting information, especially consumers' personal data. Supply management professionals should be concerned that their systems and/or employees may be exposing their organizations to data breaches - opening the company to lawsuits, governmental enforcement actions and significant reputation damage.

Suppliers throughout an organization's supply chain possess various forms of sensitive data, such as customer information, and corporate proprietary information, such as trade secrets.

Privacy and IT security experts advise companies and their supply management organizations that they should never consider themselves "shielded" from cyber-attacks and data loss. Instead, the best offense is a solid defense - assume your company will suffer a cyber-security breach of some type. Preparation is critical, followed by quick but careful actions that address certain important legal and business considerations. Every organization should consult its own IT group, legal advisers and public relations team for specific guidance.

Read Full Article


Keywords: Supply Chain Security & Risk Mgmt, Supply Chain Analysis & Consulting, Global Supply Chain Management, Security Breach, Data Breach, Customer Data

Suppliers throughout an organization's supply chain possess various forms of sensitive data, such as customer information, and corporate proprietary information, such as trade secrets.

Privacy and IT security experts advise companies and their supply management organizations that they should never consider themselves "shielded" from cyber-attacks and data loss. Instead, the best offense is a solid defense - assume your company will suffer a cyber-security breach of some type. Preparation is critical, followed by quick but careful actions that address certain important legal and business considerations. Every organization should consult its own IT group, legal advisers and public relations team for specific guidance.

Read Full Article


Keywords: Supply Chain Security & Risk Mgmt, Supply Chain Analysis & Consulting, Global Supply Chain Management, Security Breach, Data Breach, Customer Data