Articles
Security
Defending Against Supply Chain Hackers
While your company may have excellent cyber security practices in place, your suppliers may not. These best practices will help protect your company from hackers who attack your supply chain partners. 1. Review Incident Response Plans. Always make sure vendors have an incident response plan in place before conducting business with them. If there is […]
Read MoreGuarding Your Business Against Data Loss
Data loss is every company’s nightmare. In fact, most companies that do experience a mass disappearance of vital, computer-kept information never turn their lights on again. It comes down to the idea that how you protect and treat your data is commensurate with how important you think it is, says Penny Garbus, co-founder of Soaring […]
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10 Ways To Play IT Safe
State-sponsored and individual bad actors will escalate supply chain cybersecurity risks. Here are 10 threats and trends to look out for across business, governmental, and personal arenas: 1. Software updates—the new Trojan Horse. Criminals use the normal software update process to get companies to infect all their clients, which then affects everyone down their software […]
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Fraud Goes Broad
The use of analytics to mitigate third-party supply chain fraud, waste, and abuse risk jumped to 35 percent in 2017 from 25.2 percent in 2014,according to a Deloitte poll. Between 2014 and 2017, an average of 30.8 percent of poll respondents report at least one instance of supply chain fraud, waste, and abuse in the […]
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Cargo Security: The Art of the Steal
Keeping your cargo safe from theft is a bigger challenge than you might think. Follow these steps to reduce the risks that make your company a target.
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IBM: Working on the Blockchain Gang
Security. Transparency. Efficiency. These buzzwords have circled the supply chain for years as consumers demand more responsible supply chains, forcing shippers and providers to explore new ways to make these terms reality. Alongside these buzzwords, another word surfaces as a potential solution to many major concerns: blockchain. IBM aims to make this solution tangible for […]
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Is Ransomware Holding Global Trade Hostage? Here’s How to Safeguard Your Supply Chain
In June 2017, another major cyberattack targeted several large multinational corporations. The malware Petya (or NotPetya or Nyetya) was able to breach dozens of Russian and Ukrainian companies, including Russian oil and gas giant Rosneft, as well as leading global businesses across multiple industries. This time, two giants in the logistics industry, Maersk and FedEx, […]
Read MoreSupply Chain Security: Defending Against a Data Breach
What a wonderful world this would be if protection from cybersecurity threats were contained within the four walls of your business. But the hard truth is every entity on your company’s supply chain list – from the most active vendor account to the least – must be fully vetted to ensure they are protecting theirs […]
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High Value, High Risk: How to Make Sure Your Cargo is Protected
If your company is shipping a load valued at $100,000 or more, you should take every step possible to make sure your cargo is protected. Here are five ways you can greatly lower the risk of losing hundreds of thousands of dollars from a failed shipment. 1. Check your insurance coverage. First, you need to […]
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Commentary: Supply Chain System Security Starts in the Cloud
The May 2017 ‘WannaCry’ ransomware cyberattack swept 150 countries, crippling hospitals, paralyzing government entities, and completely halting businesses by exploiting vulnerabilities in outdated operating systems. By infiltrating systems, locking down digital assets, and making all files and folders inaccessible, the attackers effectively shut down entire organizations. No fulfillment. No new client acquisition. No checking inventory. […]
Read MoreFour Tips for Cargo Theft Prevention
Although Memorial Day can mean a three-day weekend for most, it’s also the perfect time for thieves to steal cargo. Memorial Day weekend is one of the most popular times for cargo theft with 98 cargo thefts reported in the past 4 years, according to CargoNet. In contrast to non-holiday weekends, Memorial Day weekend has […]
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Looking Beyond Your Desktop
The latest Ransomware attack lays bare hidden risks in your manufacturing, logistics, and supply chain network. You can protect against the ever-evolving threat of Bitcoin pirates by looking deeper into your operations. The attack is introduced into networks with Spear Fishing emails. Once activated, the malware locks and ecrypts your files, and files across all […]
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5 Steps to Protect Your Supply Chain From Cyber Threats
With cyber threats affecting organizations worldwide, warding off cyber attacks and protecting against cyber espionage is becoming a top priority across industries. Manufacturers, distributors, and organizations, however, are not doing enough to make supply chains more resilient and prepared. Whether your business is large or small, a startup or 40-year veteran, major security issues stem […]
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5 Ways to Cut the Risk of Cargo Theft
Risk models provide a key advantage to firms operating globally, and are the first step in identifying key trade lanes, business partners, and the areas most likely to cause harm. The more you know, the easier it is to manage the risk. While risk modeling is an important part of the Customs-Trade Partnership Against Terrorism […]
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Defending Your Supply Chain Against Hackers
As organizations continue to outsource, form partnerships, and share data with third parties, a strong vendor risk management (VRM) program that stays ahead of risks in the information supply chain has to be a top priority. Hackers stole confidential data from tens of millions of Target customers during the height of the holiday shopping season. […]
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Trends—December 2016
Happy New Year! Time for Your Annual Supply Chain Health Check Throughout the course of 2016, your supply chain was plugging away, receiving and handling new product lines, efficiently fulfilling e-commerce orders during slow times and peak periods, dealing with returns, and processing shipments to your stores and/or retail customers to ensure timely and accurate […]
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Export Control Reform Strikes Again
The U.S. Bureau of Industry and Security revised almost every section of the U.S. Export Administration Regulations (EAR) on Sept. 20, 2016. The fairly significant changes impact most U.S. companies. Here’s what you need to know. Although you may not sell product that would be defined as hardware, software, or technology under the EAR, you […]
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How Secure Is Your Air and Ocean Cargo?
Air and ocean cargo security remains a high priority for supply chain managers across the globe. While cargo theft has been a concern for years, organizations also contend with the risk of terrorist groups uncovering vulnerabilities in global supply chains to carry out illicit cross-border operations. While the United States introduced the C-TPAT program in […]
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How to Handle DOT and GHS Regulations
The Globally Harmonized System of Classification and Labeling of Chemicals (GHS) deadlines that went into effect on June 1 and December 1, 2015, respectively, have significantly impacted U.S. chemical manufacturers and distributors. By now, all chemicals being shipped by manufacturers and distributors should meet the Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) […]
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Perfect Security by 2025?
Our annual technology issue highlights evolving approaches that drive supply chain performance. New technology will also bring advances to security. Here’s a look at what I envision for security in 2025: Wi-Fi umbrellas cover entire areas, making any movement or off-baseline measurement (such as heat or sound) cause for alarm once the facility is locked […]
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