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Running Head: IMPORTANCE OF CYBERSECURITY FOR SUPPLY CHAINS 1The Importance of Cybersecurity for Supply ChainsJean-Desire OkaAmerican Military UniversitySCMG 50127 May 2021
IMPORTANCE OF CYBERSECURITY FOR SUPPLY CHAINS2Table of ContentsIntroduction......................................................................................................................................2Definitions.......................................................................................................................................3Supply Chain Management..........................................................................................................3Cybersecurity...............................................................................................................................3IP spoofing................................................................................................................................4Ransomware.............................................................................................................................4Phishing....................................................................................................................................4Current Uses of Cybersecurity in Business.....................................................................................5Business Decision........................................................................................................................5Compliance issues....................................................................................................................6Endpoints Complexity..............................................................................................................6Application of Security Patches...............................................................................................6The CISCO Security Protection Plan...........................................................................................6Security in Operations and Manufacturing..............................................................................7Security in Storage and Logistics.............................................................................................7Personnel Security....................................................................................................................7Governments Actions...................................................................................................................7Cybersecurity Assessment for Supply Chains.................................................................................8Risks.............................................................................................................................................8Assessing the risks.......................................................................................................................8Importance of Cybersecurity...........................................................................................................9Financial Losses...........................................................................................................................9Reputation Damage....................................................................................................................10Operation Disruption..................................................................................................................10Shortcomings and Limitations of Cybersecurity...........................................................................11Ramifications.................................................................................................................................12Conclusion.....................................................................................................................................12
IMPORTANCE OF CYBERSECURITY FOR SUPPLY CHAINS3The Importance of Cybersecurity for Supply ChainsLast year, a security researcher named Alex Birsan came up with a method to injectmalevolent codes inside open-source tools frequently used by web developers. With thisdiscovery, the computer technician was able to infect the websites of thirty-five firms such asTesla, Apple, and PayPal, which earned him well over $130,000 in incentives through bugbounty programs (Hope, 2021). The fact that Birsan was able to break into multi-billion dollarcorporations with such advanced cybersecurity contingency plans indicates that no one is reallyimmune to a cyber breach. Advancement in technology and its massive use has raised thenumber of transactions in the commercial setting, and assisted companies accomplish their jobquicker and more accurately. Technology is now used in all industries including logistics andsupply chain with companies using various electronic tools in their daily operation to includecomputers, printers, and web servers. These technologies are beneficial to support supply chainmanagement as they increase the capabilities and handle numerous transactions in real-time andwithout delay. Nevertheless, these improvements in technology have brought their shares ofchallenges and have increased the risks of cyberattacks against supply chain firms. The objectiveof this paper is to evaluate the level of weakness and exposures of supply chain firms againstcyberattacks and recommend some methods and procedures to help enhance their cybersecurity.
IMPORTANCE OF CYBERSECURITY FOR SUPPLY CHAINS4DefinitionsSupply Chain ManagementSupply chain management is one of the most important activities in any commercialorganization. It consists in the dynamic control of all the supply chain processes in order toincrease customer value and obtain a competitive advantage (Handfield, 2020).Companies usetheir supply chain to acquirehigh-quality raw materials in order to manufacture products orarrange services and deliver the finished goods to consumers; as such, it manages the flow of

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Term
Summer
Professor
N/A
Tags
Supply Chain Management, Security guard, supply chains

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