Read on to discover why sustainability auditing is important to business owners and the risks they face if they fail to meet sustainability standards in the supply chain. Also discover the benefits of sustainability controls and how business owners can implement them. Learn from successful companies that have implemented sustainability controls and invest in a resilient, sustainable supply chain that will protect and grow your business.
Digital sovereignty is a hot topic that is receiving increasing attention. As dependence on digital systems increases, so do the risks of digital threats. Digital sovereignty includes control over digital infrastructure and data, as well as the ability to steer technological development and set norms and values. In this blog, you can read more about the importance of digital sovereignty, initiatives from the European Commission, and what entrepreneurs can do to increase their digital sovereignty.
The risk of ransomware in the digital supply chain is a serious threat to organizations that rely on digital systems. Improving cybersecurity hygiene is therefore critical. Not only do organizations need to have their own cybersecurity hygiene in order, but they also need to monitor and manage that of their third-party vendors. In this article, we provide practical tips and information on how your organization can reduce the risk of ransomware in the digital business supply chain, and how RiskStudio can help assess third-party cybersecurity hygiene.
As a business, it is important to handle personal data carefully and minimize privacy risks. Failure to comply with the General Data Protection Regulation (GDPR) can result in fines, reputational damage and loss of customer trust. A recent example of such a violation is the fine imposed on the Sociale Verzekeringsbank (SVB) by the Personal Data Authority. The SVB was fined 150,000 euros because of a long-standing problem with the identity verification of its telephone helpdesk. As a result, the privacy of callers was insufficiently protected for years, according to the Authority for Personal Data (AP).
Sharing sensitive information between companies, such as with a supplier or other third parties like manufacturers, logistics providers, retailers, and distributors, poses additional privacy risks. It is therefore very important for companies to take extra precautions when sharing this information.
First, it is important to establish a proper data processing agreement (DPA) with the third party. This agreement contains agreements about the processing of personal data, such as who is responsible for the processing, how the personal data will be secured, and what measures will be taken in the event of a data breach. It is important to review this agreement carefully and, if necessary, adapt it to the specific situation.
It is also important to properly assess the security of the third party's IT systems. The third party must meet the same personal data security requirements as your own company (see also the article on chain responsibility as part of NIS2). It is therefore important to regularly check the security of the third party's IT systems and to identify and remediate any deficiencies. Automated control and monitoring is part of RiskStudio.
Finally, it is important to keep the exchange of data as limited as possible and to share only the data that is strictly necessary for the performance of the contract. In this regard, it is important to limit access to the data and to grant access only to those employees who actually need the data for their work.
Published by RiskStudio