Mastering Tech and Security in SCM – Key Takeaways from Hexnode Live

Greetings, and welcome back to Hexnode Deep Dive, your one-stop shop where we uncover the intricacies and obstacles that pepper today's modern workplace. In today’s edition, let's revisit last week's Hexnode Live, where we explored the importance of securing the modern supply chain.?

Fueled by digital transformation, the supply chain industry has become a crucial hub for business operations. While this has brought about many advantages in terms of efficiency and collaboration, it also presents a critical challenge in securing the industry against a growing array of cyberattacks.??? ?

During our recent Hexnode Live, James Artis , a global supply chain leader and CEO of JibChain , delved into the challenges plaguing the industry and explored strategies to build a more resilient ecosystem.?

Interplay of Supply Chain and Technology?

Driven by cutting-edge technologies like AI, blockchain and IoT, the supply chain industry is moving towards a new era of transparency and innovation.?

However, as such technologies take center stage, securing sensitive data becomes even more paramount. The supplier base for this data is not just one-dimensional; the complex web of suppliers, from government agencies to B2B partners, all rely on it. With more data flowing through the system, robust encryption strategies throughout the supply chain are a must, as is a clear understanding of where and how these data are used.???

In short, this technological revolution is a double-edged sword. While it presents new avenues where businesses can build more resilient, responsive, and sustainable supply chains, it also equips cybercriminals with new vulnerabilities to exploit.?

Why Businesses Need Strong Supply Chain Management?

When it comes to supply chain attacks, attackers are always looking for the weakest link.???

In 2020, SolarWinds , a large industry player, announced that up to 18,000 customers were infected through its compromised software update. This attack was unique, as the hackers didn't initiate remote control immediately. Instead, it went undetected for years, and the malware spread rapidly, infecting the software used to manage the affected organizations' networks. This attack, along with others, emphasizes the crucial role of secure supply chains. Strong supply chain management safeguards against vulnerabilities, minimizes widespread damage, and shields sensitive data.?

However, despite such cautionary tales, many organizations still fall short in securing their supply chains. Hexnode's recent report on the same highlighted some alarming numbers.??

• 77% of employees harbor apprehensions regarding cybersecurity threats within their organizations' supply chains, raising concerns over preparedness.?

• 42% of organizations remain ill-prepared for cyberattacks due to the lack of a clearly delineated or effective incident response plan.?

• 15% of companies bypass crucial Third-party risk management (TPRM) steps, leaving them exposed to cyberattacks.?

It is high time businesses realized that investing in robust security solutions, comprehensive training programs, and developing a well-defined incident response plan is no longer a luxury but a necessity for safeguarding the supply chain.?

Securing the Supply Chain: How UEMs come to play??

The modern supply chain relies on a vast network of interconnected devices, from scanners to tablets, and are extensively used by frontline workers. Although not inherently sensitive, these endpoints can be exploited by attackers to gain access to critical systems. Securing them requires a two-pronged approach.??

On the hardware side, verifying component origin and partnering with reputable manufacturers minimizes vulnerabilities. Physical security measures like tamper-evident seals further safeguard devices.? ?

A crucial part of Software Security is controlling and monitoring these devices under a single console. With the help of a Unified Endpoint Management (UEM) solution like H exnode, IT admins can now enforce security policies, automate patch deployment, and offer constant device monitoring for emerging threats.??

Some robust features include:??

• Kiosk Mode locks the device to custom applications, ensuring access to only work-related applications, and can selectively manipulate the device settings?

• Location tracking feature for effortless device tracking??

• Remote ring feature to quickly locate lost devices and lock the device if unable to trace the device within a specified time using the remote lock feature??

• Dynamic grouping feature for easy device grouping and bulk policy application based on aspects like geo-location?? ?

Intrigued by the latest trends in supply chain management? Click the link below to watch the full video as J ames Artis dives into cutting-edge technologies and potential loopholes in the supply chain industry.?

Supply Chain 2024: Mastering Tech and Security in SCM ?

Stay tuned for more insights and expertise in the upcoming editions of Hexnode Deep Dive.?

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