Supply Chain Cyber Security in 2022: Shipper Risks Are Increasing

Supply Chain Cyber Security: What Shippers Need to Know

Shippers continually deal with unprecedented disruptions, including the effects of the global pandemic that are still rocking most market and industry niches. In addition, shippers face heightened threats to supply chain cyber security.

Much of the current market recovery and growth shippers experience can be attributed, at least in part, to transportation data security. Recent innovations in transportation cyber security fortified data defense, accelerated recovery, and enhanced organizations’ ability to avoid cyber disruptions.

Whether you are a small or medium-sized shipper, a renewed focus on supply chain cyber security systems and procedures will reduce your supply chain risks.

Why Risks Remain in Supply Chain Cyber Security

The need for data security is evident. It’s an issue that increasingly garners attention at the highest levels of the U.S. government.

In May 2021, the Biden administration issued an executive order to put more resources and focus on the nation’s cyber security. Among focus points in the initiative are strengthening the infrastructure, networks, security guidelines, supply chain cyber security measures, and technology for truck fleet management.

The executive order resulted in several advancements and positive changes, but it is focused solely on government-based supply chain cyber security. It did not make changes that would affect and protect private companies and small businesses.

“Nearly half (41.8%) of all small businesses were the victim of a cyberattack in the last 12 months,” according to AdvisorSmith.

In a day and age governed by automation and cyber connections, the need is critical for reliable cyber security logistics and protection. According to Forbes, cybercriminals today can penetrate more than 90% of small and medium-sized company networks and access data and other resources with advanced hacking abilities. It has also been estimated that in 2021 small businesses suffered 50% more cyber attack attempts per week than ever before.

The mounting threat of cybercriminals targeting small and medium-sized shipping companies continues to grow, especially as shippers struggle to keep up. An updated and adequately utilized transportation management system with supply chain cyber security safeguards can make a massive difference for shippers in this digital age.

Shippers Need to Consider Vendor System Cyber Security

Preparations to defend against supply chain cyber security attacks must stem from properly utilizing the right platform, tools, software, and service options.

Pandemic and related disruptions have had far-reaching impacts on the supply chain. Based on industry reviews, “the pandemic meant supply chain and vendor performance problems for many risk management practitioners, with 83% of study respondents reporting increased organizational focus on third-party risk as a result.”

Renewed focus on transportation cyber security optimization and innovation helps address the mounting threats to local, national, and global markets and supply chains.

Customer and company data remains protected and secure, even in ongoing cyber threats and attacks when organizations:

  • Embrace cyber security logistics
  • Ensure team members receive proper training
  • Implement adequate technology onboarding

Supply chain cyber security and TMS integration can no longer be ignored and treated as an afterthought. In a world governed by digitalization and inter-connectedness, protecting data, resources, information, and networks must be priorities for shippers.

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What’s Next and What Can Shippers Do Right Now?

The apparent increase in cyber security and mounting risks means it’s time to reevaluate the TMS and systems in place. What are you relying on for supply chain cyber security?
Partnering with industry leaders is critical for protecting your current and future growth. Choosing a SOC Type 2 compliant company, such as MercuryGate, ensures you receive reliable cyber security logistics and technology support.

The ability to account for disruptions and respond accordingly is critical for cyber threat protection. SOC Type 2 compliance is part of the American Institute of CPAs’ Service Organization Control reporting platform. It focuses on the security, availability, processing integrity, confidentiality, and privacy of customer data to monitor, track, and improve industry processes to safeguard data.

Cyber security logistics drastically impact shipping companies’ short-term and long-term growth and can significantly boost throughput. This is especially true during instability and upheaval. More than ever, shippers must give transportation cyber security the attention it deserves. Improve your 2022 supply chain cyber security policy to keep up with current threats and risks.

Doing so will save time, money, and resources for you and your customers, networking partners, and the general public.

Download our Transportation Data Security eBook, and learn what you need to know about cyber security risks and mitigating them.

Learn how your TMS guards against cyber security gaps.

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