Supplier Relationship: Building Trust in a Digital Age

In today’s interconnected business world, characterized by extensive digital transformation, forging a robust supplier relationship has become increasingly vital. The article narrows down to the management of cybersecurity risks within our supply chains and the optimal practices to cultivate a transparent and fortified supplier partnership through digital trust.
Supplier Cybersecurity

What is Digital Trust?

Digital trust refers to the implicit confidence individuals and organizations have in the custodians of their confidential data during online transactions. It is the assurance that data will be treated according to agreed terms and conditions, safeguarding it against abuse and ensuring its security in the digital realm. As the online world expands and becomes pervasive, digital trust has emerged as the foundation for data sharing and disclosure.

Awareness of Potential Vulnerabilities

As businesses increasingly rely on expansive digital networks, being acutely aware of potential vulnerabilities in the supply chain is not just a choice but a necessity. This ensures the prevention of unwanted security breaches caused by trust and no double-checking of the supplier, and it upholds the trust of our esteemed clients.

However, this awareness isn’t just about managing threats. It also involves discerning the information that suppliers have access to. Regular assessments should not only determine the type of data shared with suppliers but also cover the CIA criteria – ensuring the Confidentiality, Integrity, and Availability of the data.

Particular attention must be given to the location where the data, especially Personally Identifiable Information (PII), is stored. With regulations such as GDPR and Quebec Law 25, the location of data storage and processing can have significant legal implications.

Read our article published on IN-SEC-M.

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