Your Digital Supply Chain – How Can You Mitigate Your Third Party Risk?

Third-party risk comes in many forms – sometimes its cyber risk, sometimes it is operational. Just think of the risk that abounds as we recover from disruptions to traditional supply chains. The images of container ships immobilized offshore, unable to dock and unload their cargo to an economy eager to consume it, are a reminder of this risk. The third party risk of your suppliers and channel partners intensifies the risk to the first parties (your employees and users) and the second parties (your customers).

Now think about your digital supply chain and the website that has become the heart of your business. You can control your first-party risk with the governance and defenses you put in place against attacks. You manage second-party risk by encrypting the sensitive data that your customers entrust to you. But how do you mitigate third party risk in your digital supply chain? Have you ever thought about it?

In the traditional supply chain, you are as secure as the subcontractors, service providers, resellers and other partners you work with. The same is true in the digital supply chain. You’ve probably had a lot of conversations about third-party risk over the past year or so, but if you’re like your peers, you may have overlooked an area that many of the world’s largest companies haven’t touched on yet. The client-side supply chain requires the risk management of third-party JavaScript servers and information systems that you may never have heard of before. If it’s not risky, what is it?

Third Party Risk in Your Digital Supply Chain – Worse Than Idle Container Ships

Whether you operate an online storefront; are part of the global hotel and ticketing market which is poised to experience massive growth after the pandemic; or you operate a financial institution or healthcare practice that has undergone a major move to the web over the past two years, your website is an integral part of the way you do business. Just as you are vulnerable to disruptions to traditional supply chains that move goods, you are also vulnerable to attacks on the digital supply chain that moves sensitive data. These attacks occur outside of what traditional web security protects and can go on for months undetected.

Your digital supply chain is just as crucial to your website, just as container ships are just as crucial to the traditional supply chain.

The code your website uses to capture and process your customer data depends on JavaScript. Features like web forms and shopping carts invoke JavaScript from sources all over the internet, but what do you really know about those sources?

Form hijacking and digital skimming are two types of attacks introduced by third-party JavaScript on your website. When your customers enter their personal information and credit card numbers, you capture the data, but so does the malicious actor who introduced the exploit to your site through your partners.

Naturally, you focus on data governance and the chain of custody when you share data with third-party vendors in your traditional supply chain. What about third party risk in your digital supply chain? Shouldn’t you be focusing on the risk of JavaScript running on your site that can send customer information to bad actors?

These unused container ships can cost you backrounds, but web application client-side attacks on your site will cost you in damage to customer credibility, reputation, goodwill, and potentially massive fines for things like GDPR policy violations.

Mitigating the risk of third parties lurking on your website is easier than you might think

Source Defense provides client-side protection of web applications through JavaScript sandboxing. It offers a simple and easy-to-implement way to prevent client-side attacks that originate in the digital supply chain your site depends on. With our tags in the headers of your web pages, Source Defense protects you against attacks on proprietary and third-party JavaScript scripts running on your customer-facing sites.

Recent research from Gartner sees client-side attacks becoming a common issue in the near future, with client-side protection of web applications quickly becoming a primary defense.

Most of the infosec measures you implement consume your time and your budget. Or they shield you from one problem and cause another, like adding management fees to your already overworked web team. Implementing Source Defense is a small effort for an easy win in a neglected area that mitigates third-party risk to your digital supply chain. Some of the world’s largest websites run Source Defense, which protects hundreds of millions of pageviews each month by stopping attacks and preventing billions of compliance policy violations. Source Defense goes beyond detection to prevention, without imposing additional monitoring tasks on you.

Next Steps – Webinar and Risk Report on Client-Side Protection of Web Applications

Don’t overlook your need to protect your primary interface for consumer-user interaction. Learn more about protecting your website from third-party risks in the digital supply chain during our December 2 webinar, “The Client-Side Web Security Gap: Putting Your Business at Major Risk”. We will cover the threat of Magecart attacks on some of the world’s largest brands, Gartner’s analysis of the web application client-side protection market, and Source Defense’s approach to JavaScript sandboxing.

And search for Source Defense in SecurityScorecard’s Integrate360 ° marketplace. SecurityScorecard identifies vulnerabilities in your website from an outside perspective, allowing you to see what a hacker is seeing. As a partner, Source Defense offers a Supply Chain Risk Report with insight into the risks introduced by JavaScript integrations and third-party tools that power your website. If you are a SecurityScorecard user, you can install SourceDefense from the Marketplace and see how your website gets third party risk right now.

The post Your Digital Supply Chain – How Can You Mitigate Your Third Party Risk? first appeared on Source Defense.

*** This is a syndicated Security Bloggers Network blog from Blog – Source Defense written by Steve Ward – Chief Marketing Officer. Read the original post at: https://sourcedefense.com/resources/blog/your-digital-supply-chain-how-can-you-mitigate-your-third-party-risk/

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