Supply Chain Compliance: Prevent A Supply Chain Cyber Attack from Happening To You
Did you hear about the recent supply chain cyber attack on multiple major airlines?
When an IT vendor’s passenger service system (PSS) was hacked, cyber criminals gained access to the frequent flyer data of customers all over the United States.
Now 90% of the world’s airlines are facing potential penalties for compromised customer data.
Even though the data breach was caused by a third party vendor, the airlines are still liable for this major cybersecurity mishap.
Don’t let something like this happen to you!
Prevent A Supply Chain Data Breach
Are you familiar with the regulations and standards governing your supply chain management obligations?
Whether your supply chain is a big or small operation, you must ensure that it isn’t the reason your business is non-compliant with the necessary regulations and standards.
Staying on top of your supply chain cybersecurity involves a great deal of continued effort, but it’s worth it.
If your business has compliance risks thriving within your supply chain, you could find yourself facing:
- Financial losses
- Loss of reputation
- Expensive lawsuits
And the list goes on.
No regulator will cut you any slack for “not being aware” of prevailing or imminent risks. You will just be considered negligent.
Fulfilling your supply chain management obligations begins with being aware of the regulations and standards that govern it.
Over the next few minutes, you will understand:
- What supply chain compliance is
- The various forms it can take
- How you can start protecting your supply chain now
First let’s talk about what supply chain compliance is and the many forms it can take.
Understanding Supply Chain Compliance
What is Supply Chain Compliance?
Fundamentally, supply chain compliance refers to an organization’s adherence to the established guidelines and requirements to manage supply chain risks. In addition, it pertains to your ability to meet or exceed the expectations of stakeholders.
Supply chain compliance guidelines and requirements come in many forms.
Forms of Supply Chain Compliance Guidelines and Requirements:
- National, state/provincial and local or border/international regulatory requirements
- Industry standards (e.g. ASTM & HIPAA)
- Contractual obligations or requirements
- Customer and non-governmental organization (NGO) expectations
Achieving, demonstrating and maintaining compliance with these multiple standards requires comprehensive collaboration with your third-party partners.
Are you ready to get started?
Protect Your Supply Chain With Third Power IT
Supply chain protection is a 24/7 operation. Make sure you’re fully compliant by teaming up with a trusted IT consultant that understands the ins and outs of supply chain compliance.
When you work with Third Power IT, you will get a custom cybersecurity package that fits your needs. We have experience working closely with:
- Healthcare facilities regarding HIPAA compliance
- Banks and investment firms regarding financial compliance
- Schools and colleges regarding FERPA compliance
And much more
Ensure your compliance today. Visit www.ThirdPowerIT.com to get started now.
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