September 25, 2019
3 Things Every MSP Needs to Know About Supply Chain Data Risk Management
Securing your MSP clients’ data against cyber threats is an ever-evolving set of procedures, security methodologies, and advanced data cybersecurity tools. One area you may not have considered is the risk that suppliers pose to organizational data security –– for you and your clients.
A terrifying example of supply chain data risk management gone awry is the 2013 Target data breach. A Target supplier had unwittingly downloaded a virus so when he connected to the network at a Target brick and mortar, the virus deployed and exposed over 40 million customers’ financial data to hackers. 18.5 million USD and a massive customer data breach later, Target has –– of course –– beefed up supply chain data risk management.
Learn three critical things you and your MSP clients should understand about supply chain data risk management before you face an unexpected intrusion.
1. Your Suppliers Don’t Prioritize Your Data Security
Your suppliers may be decades-long comrades in the industry, and they may be great lunch pals, but they aren’t there to keep your data secure. MSPs, in particular, must be vigilant and teach their clients to be on guard with supplier data security. Your clients entrust data to an organization with a stellar level of protection. They don’t expect that their data could be exposed based on a supplier’s configuration vulnerabilities.
Your clients’ data security depends on the methods and practices you put in place, sometimes in spite of your suppliers.
2. Your Team Members Can Be a Threat
When we talk about managing risks that suppliers can pose to data security, one of the last places you would think to look is at your own team. The reality is that internal threats are harder to detect, and this includes when your client’s users download an app or otherwise compromise the system
How can your team positively contribute to supply chain data risk management?
- Learn and implement your third-party app data security best practices
- Check with the IT security team before downloading updates for any supplier software or platforms
- Educate MSP clients on the risks inherent to supplier data management
Team members do not want to be a threat (most of the time) to data security, so teaching them the importance of supply chain data risk management could have a sweeping impact on the adoption of data security best practices.
3. You Need Help
Supply chain data risk management requires constant vigilance. As with any cybersecurity data threat, supply chain risk management requires intricate and methodical tracking on millions of data packets. It’s not a job well-suited for IT teams. That level of intrusion detection and prevention is a job for AI-enhanced data security tools that actively fight cyber intrusions.
Here’s what a sophisticated data security and retention tool will do for you, whether fending off phishing scams or detecting security weaknesses originating from supplier networks:
- Detect sweeps and probes, which are the security-weakness-check precursors to malware deployment
- Protect MSP client data from internal and external network threats
- Implement failover protocols in case of a natural (or human-induced) disaster by sending data to a reliable backup to ensure business continuity
- Enable faster and more secure SQL server backup processes
While supply chain data risk management is only one part of cyber threat prevention, it is an important one. Everyone from large organizations to small businesses is at risk of data intrusions, and each MSPs can help clients avoid large scale security breaches by alerting them to the importance of supply chain data risk management.