Businesses have been offered advice on how to work with supply chains in order to boost cyber security to avoid online attacks.
The National Cyber Security Centre (NCSC) has published guidelines after a spate of supply chain attacks, advising to identify weaknesses and put mitigations in place to reduce the chances of a breach.
Just ten per cent of businesses review the risks that immediate suppliers pose to their cyber security.
Ian McCormack, NCSC deputy director for government cyber resilience, said: “Supply chain attacks are a major cyber threat facing organisations and incidents can have a profound, long-lasting impact on businesses and customers.”
He added it is “vital” companies work together with their suppliers and make sure they have put security procedures in place.
The guidance looks at typical supplier relationships and highlights any possible weaknesses that can increase the chances of an attack.
It also offers advice on how businesses can assess the security of their supply chain, and provides outcomes they can expect if their security is not up to scratch.
Cybercrime cost the UK £3.1 billion in the year leading to April 2022, according to the National Fraud Intelligence Bureau (NFIB). Therefore, businesses are at risk of losing a substantial proportion of their value if they leave themselves open to a cyber attack.
By making sure their supply chains are protecting themselves against cyber breaches as well, they can be reassured their risk of an attack will be lower.
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