Your suppliers are a necessary part of your business. They provide crucial services — data storage, critical platforms and billing — making them an indispensable part of your extended enterprise. Unfortunately this makes them an attractive target for threat actors as well. How can you ensure the security of your supply chain and keep your data safe?
How does Flare help with supply chain security?
How does Flare meet supply chain security needs?
Rather than simply reacting to threats, Continuous Threat Exposure Management (CTEM) is a proactive approach to threat identification and management across your extended enterprise. Flare’s cybersecurity risk management software continuously monitors and analyzes your digital assets across your attack surface so that you can identify and mitigate suppliers’ vulnerabilities before they are exploited.
How does Flare’s software monitor supply-side threats?
Flare continuously monitors the clear and dark web, as well as illicit Telegram channels, to identify vulnerabilities. If data is stolen from or leaked by a vendor, Flare can identify it when it’s mentioned online. As soon as your data is compromised, Flare will notify you.
What are the key benefits of Flare’s supply chain security tools?
- A proactive security stance: By actively seeking out leaks and stolen data, you can catch breaches and accidental data exposures early.
- Visibility into threat exposures: Flare’s data leak monitoring solution scans the web and Telegram channels to find leaks before lost data can be exploited.
- Continuous monitoring of digital assets: Automated cybersecurity risk management software gives you 24/7 coverage of your assets, so you will know as soon as information is leaked or stolen.
Supply Chain Security: An Overview
What is supply chain security?
Supply chain security is a risk management discipline. Organizations that follow this account for all of the supply chain and identify what aspects of it are at the most risk.
Who are your suppliers?
Also called third parties, your suppliers include any individual or organization that helps make or distribute your product. This can include contractors, vendors, partners, or any other third party. Because these third parties often have access to your network and systems, they can pose a security risk to your organization.
Integrate the world’s easiest to use and most comprehensive cybercrime database into your security program in 30 minutes.
How can you manage supply chain security?
It can be difficult to manage the cybersecurity controls of your third parties. After all, you can’t control what your third parties do — they are officially within your organization. Traditionally, businesses have attempted to manage suppliers’ security by issuing questionnaires. However, there are many other methods for tracking and managing the security of your supply chain from third-party threats, including:
- Managing access
- Monitoring your attack surface
- Encrypting data
- Scanning for vulnerabilities
- Monitoring the web for lost or stolen data
Why Be Concerned with Supply Chain Security?
How common are supply-side attacks?
In 2023, 41% of companies reported a third-party breach. SANS found that attacks on technology companies more than doubled in the early months 2023. This means cybercriminals are hyper-focused on compromising service providers in hopes of getting to their clients. In other words, threat actors know that by breaching one supplier they can steal the data of several organizations.
What is the impact of a supply chain security breach?
Data breaches are always expensive but when a supplier is involved, a breach is more expensive and more difficult to detect. According to IBM and the Ponemon Institute, about one fifth of the data breaches that happened in the last year were the result of supply chain attacks. Those breaches were both 11.8% more expensive and took 12.8% longer to detect than other data breaches. And of course, as with any breach, supply-side data breaches also compromise an organization’s reputation, cause compliance problems, and are usually followed by legal action.
Supply Chain Security and Flare
Flare provides the leading Threat Exposure Management (TEM) solution for organizations. Our technology constantly scans the online world, including the clear & dark web, to discover unknown events, automatically prioritize risks, and deliver actionable intelligence you can use instantly to improve security. Flare’s solution empowers your team to scan for leaked information before it can be exploited.
Our solution integrates into your security program in 30 minutes to provide your team with actionable intelligence and automated remediation for high-risk exposure. Try out supply chain ransomware attack monitoring with our free trial.
