Improve software supply chain security
Organizations should apply a risk-based approach when implementing security controls in the software development pipeline. Additionally, automation via security as code can enable detection and verification of security risks. Organizations moving critical software to the cloud should take the opportunity to implement baseline security controls and apply verification checks as part of the pipeline.
Utilize cyber threat intelligence
Many organizations are working with third-party cyber threat intelligence (CTI) professionals, who monitor the cybersecurity landscape and have experience with an organization’s systems and devices. Vendors can provide flash notifications when an event occurs or a vulnerability is discovered, allowing organizations to take mitigating actions more quickly.
Enhance third-party risk management
More and more, the most agile organizations work with multiple third parties in order to stay competitive. All these relationships are important, but each one adds risk: cyber risk, regulatory risk, brand risk and more. The new order will require companies to contend with another large data set.
Organizations can manage this increasingly complex third-party risk landscape by improving decision-making with pre-screening, using technology to be more fully informed with end-to-end workflow management and managing your due diligence reporting.
Ransomware and cyber-attacks aren’t slowing down
Cyber-attacks show no signs of de-escalating, and ransomware has become its own industry. Supply chain relationships continue to be vulnerable and organizations are struggling to manage the risk introduced by their vendors.
President Biden’s new executive order on cybersecurity provides an opportunity for organizations to find collaborative ways to address a nationwide problem by introducing requirements for federal contractors (and their supply chains) to be more transparent, modernize their cybersecurity defenses, and strengthen their responses to cybersecurity events.