Cybersecurity is not a new topic in today’s world of supply chain management, but shippers often overlook the cybersecurity issues that exist with high-tech inbound freight management. Even if a shipper does everything right and checks all cybersecurity measures, it is possible for suppliers and vendors to introduce an element of criminal activity and maliciousness into the supply chain.
No company wants to believe suppliers and vendors will do this, but history teaches that even companies around the globe with little or nothing to do with your company may be on the verge of launching a cyber-attack. It’s a grim prospect, and the 2018 Verizon Data Breach Investigations Report, explains Cyren.com, shows that smaller businesses are more likely to be the target of cybercrime 58% of the time. So, shippers need to understand what’s causing this high-tech inbound freight management security crisis, its fundamental aspects and a few essential tips to overcome it.
Some top issues affecting cybersecurity among high-tech supply chains include:
Capgemini approximations suggest the value-add of connected products manufacturing will rise from $519 billion to $685 billion by 2020.
According to Bob Trebilcock of Logistics Management, 75 percent of survey respondents claim to be confident in cybersecurity, but the majority are using out-of-date cybersecurity initiatives. Cybersecurity best practices of even five years prior are susceptible to a higher risk for cyber-attack or malware introduction. Unfortunately, the false perception of safety among today’s supply chain executives, especially those in high-tech markets, presents additional risks to consumers. Thus, shippers have the burden of recognizing the risks that it is from simple processes, including shipping to the dock for receiving and ordering supplies or raw materials.
As noted by Louis Columbus via Forbes, high-tech shippers must follow four steps to reducing inbound cybersecurity risks, including:
High-tech manufacturers and products will always have higher cybersecurity risks, and this risk is expanding as more devices are created with smart capabilities. Even the average toaster includes smart features, presenting potential cybersecurity threats. Unfortunately, the best cybersecurity initiative on the planet can do nothing about risks and physical tampering that may occur within the supply chain stage of manufacturing or shipping. As a result, shippers need to gain additional control and eliminate risks within high-tech inbound freight management through accountable, verified processes, as well as working with a trusted supplier and transportation network.
Stay in control of all shipments, including inbound and vendor freight.
We’ll help you find the right carrier to help you stay on time and budget.
Manage your Inbound and Outbound OTR freight shipping needs and data.
To subscribe to our blog, enter your email address below and stay on top of things. We'll email you with a confirmation of your subscription.