Page 46 - Cyber Warnings

Encryption and digital signature-based security may reduce some of the risk from third-party
interception, but it will not prevent an organization from unwittingly delivering an infected file, as
hackers are now adept at using delayed-action embedded code or structural manipulation, in
combination with clever social engineering tactics.

Create a Risk Management Strategy to Ensure You’re a “Safe” Partner

Besides eliminating known and evolving threats, implementing robust and comprehensive
security infrastructure and associated strategy puts organizations back in control. For one, it
allows them to decide who it’s safe to do business with as part of a broader security and risk
management strategy.

It also provides other supply chain partners with the evidence that their organization has
adopted the latest solutions known to be effective in combatting file-based threats – the most
common source of cyber-attacks – as well as other types of malware.

The net-net is that when organizations implement a solid security and risk management
strategy, they will be able to conduct business in full confidence and in turn, are regarded as
safe partners for supply chain transactions.

And in the face of an onslaught of emerging threats designed to target the weakest link, CIOs
and CISOs throughout the supply chain will increasingly be required to bolster their own
defenses by simultaneously looking out for their partners during every stage in the ongoing
battle against cyber-crime.

About the Author

Simon Taylor has worked in Information Technology and Security
for over three decades, with extensive experience across product
innovation, business development, business transformation and IT
operations management.

He has held senior positions at leading technology and financial
services companies across Europe, Asia, Latin America and North
America; with the last ten years at HSBC, where he most recently ran IT Operations across the
Americas.

Simon is currently VP of Product and Consultant to the Board of Glasswall Solutions Ltd, the
award-winning UK cyber security innovator.

46 Cyber Warnings E-Magazine February 2017 Edition
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