What is vendor risk management? Vendor risk management (VRM) is the policy of ensuring that the relationship between service providers and IT organizations does not create an opportunity for interruptions in business productivity, profitability, and performance. The VRM process indicates that organizations should consistently monitor, manage, and assess their risk potential from outside vendors and any third-party suppliers that provide IT products, services, and solutions or that have...
Here are some of the common security risks that large organizations may face associated with their supply chain:
Attackers may target suppliers to access sensitive data or launch attacks on the organization's systems.
Suppliers may have weak security controls in place, making them easy targets for attackers.
Supply chain disruptions could lead to downtime and financial losses for the organization.
A security breach at a supplier could damage the organization's brand reputation.
Some ways to protect the supply chain, as reported, include:
They say organizations could help protect their supply chains from security threats by taking these steps.