Cybercriminals are working harder than ever to disrupt the transportation and shipping industry. High-profile attacks range from hacking traffic signals to clog supply lines, up to more invasive actions behind company firewalls that end in lost revenue and proprietary data. As a result, security configuration management – or SCM cyber security is a top priority for most companies that rely on transportation logistics and other services in the global supply chain.
Examples of cybercriminals hacking transportation systems underscore the need for SCM cyber security systems. Shipping and transportation service providers must prioritize managing freight process risks, including supply chain cyber risks.
Let’s examine SCM cyber security applications in supply chain management. This blog also examines some of the threats that jeopardize your transportation data security.
Understanding SCM and Cyber Security for Supply Chain Applications
Often, the shipping and transportation sector faces more vulnerability to supply chain cyber threats and attacks when compared against other industries. This is mainly due to a dependence on technology and the constant struggle to keep up with diverse and complex transportation activities.
SCM builds on the general concepts, processes, and activities of existing security processes and focuses on the implementation maintenance and improvement of this infrastructure. Testing security measures, improving upon them, and setting up new standards where none have existed is at the heart of SCM cyber security.
Here’s 5 information security questions you should be sure and ask your software vendor to validate your SCM cyber security.
Typical Transportation Data Security Risks and How to Overcome Them
Because every company and attack is different, various factors and considerations must frame any discussion regarding the risks associated with poor transportation data security setup and management. However, a sound security system reduces the risks of cyberattacks and makes attacks more easy to overcome.
There are many ways that cyberattacks and subsequent data breaches can impact shippers and LSPs. Let’s review some of the costs at stake in an attack.
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Loss of Data and Resources
One of the leading areas of concern for LSPs and transportation companies today, loss of data and resources can be challenging to quantify, monetarily. However, the loss of these valuable resources can cause severe disruption within your company, potentially even causing its collapse. An SCM cyber security setup can significantly reduce security risks.
Financial and Legal Fallout
SCM cyber security reduces the risk of financial loss or legal troubles related to freight management hacks. Some breaches end in lawsuits and other legal action levied against the company by customers and other data-theft victims. The legal costs for court proceedings and financial settlements can be high. SCM processes add another layer of protection for any company.
Branding and Reputation Damages
Even if your company survives a cyberattack and the ensuing financial, legal, and data ramifications, you still face the threat of lasting damage. Once a freight transportation company gets attacked, customers may feel the need to find another service provider. Third-party collaborators may turn to competitors for more secure partnerships.
An effective SCM cyber security program protects your company’s brand and reputation.
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Streamline SCM Cyber Security Costs and Processes to Reap the Benefits of Improved Security
Protect your company’s data, employees, customers, and partners with a proven security management process and integrated systems dedicated to cyber security.
A security configuration management (SCM) process tailored to your unique needs and goals offers many benefits, including reducing the risk of loss from hackers and cybercriminals.
Download our Cyber Security eBook to learn more advanced security measures that you should be taking right now.
