What is C-SCRM (Cybersecurity Supply Chain Risk Management)?

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What does C-SCRM (Cybersecurity Supply Chain Risk Management) mean?

Cybersecurity supply chain risk management (C-SCRM) is a systematic process for managing exposure to cybersecurity risks throughout the supply chain. An important goal of C-SCRM is to reduce the likelihood of a supply chain compromise by a cybersecurity threat by improving an organization’s ability to effectively detect, respond to, and recover from disruptions in the event of a C compromise. -SCRM.

Supply chain risk includes vulnerabilities introduced by third-party cloud services, as well as risks transmitted through the cloud provider’s own supply chains. Successful SCRM risk management requires some level of visibility into how the vendor’s services are developed and what standards and best practices the third-party vendor follows to ensure the security of its own products and services.

Supply chain vulnerabilities are often interconnected and can expose businesses to additional cybersecurity risks downstream. To mitigate SCRM cyber risks in the United States, Executive Order #14028 mandates the use of enhanced contractual requirements and guidance that will require suppliers to assess the risk of their supply channels.

In the enterprise, C-SCRM affects a wide range of business departments, including information technology, privacy and compliance, acquisition and procurement, human resource management (HRM) and legal teams. From a governance perspective, C-SCRM initiatives should be enterprise-wide – regardless of the specific business structure – and acquisition processes should include considerations for C-SCRM at each stage of the contract management life cycle (CMLC).

Techopedia explains C-SCRM (Cybersecurity Supply Chain Risk Management)

In information technology (IT), supply chain risks include the purchase of counterfeit software, the insertion of malicious functionality into legitimate software applications, and the introduction of vulnerabilities through improper development practices within the supply chain.

BENEFITS OF C-SCRM

C-SCRM reduces the likelihood of supply chain compromise by improving a company’s ability to effectively detect, respond to, and recover from events that cause significant business disruption.

A company’s overall approach to C-SCRM governance must balance exposure to cybersecurity risks throughout the supply chain with the costs and benefits of implementing C practices and controls. -SCRM.

How to implement C-SCRM

The first step in C-SCRM governance is to identify potential risks, with the understanding that some risks will be integral to the search for value. Additional best practices for managing C-SCRM include the following:

  1. Document the entire company supply chain.
  2. Establish a formal enterprise-wide governance plan for managing cybersecurity risks.
  3. Identify critical suppliers.
  4. Ensure critical vendors are included in the organization’s cybersecurity risk management activities.
  5. Update C-SCRM governance guidelines on an ongoing basis.

C-SCRM Governance Assessment

Companies can use several methods to measure and manage the effectiveness of their C-SCRM program. A popular methodology is to adopt the NIST frame for C-SCRM and use a Maturity model assess progress of C-SCRM policies toward desired outcomes. Maturity models for C-SCRM should be based on the uniqueness of an organization’s business and mission, as well as the compliance requirements, risk appetite, and risk tolerance of the organization. organization.

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