How does cybersecurity risks affect supply chain management and performance in a fashion industry. What are the hindering factors to cybersecurity?
How can risks be mitigated in supply chain industry?
Len Leonid Mizrah
Key Concerns: Data Breaches: Vendors with poor data security practices can inadvertently leak sensitive information, leading to data breaches. Access Control: Inadequate access controls at third-party vendors can result in unauthorized access to critical systems and data. Compliance Issues: Non-compliance with cybersecurity regulations by vendors can lead to legal and financial repercussions for the partnering company. Lack of Visibility and Transparency: Companies often have limited insight into their suppliers’ cybersecurity practices. This lack of visibility makes it challenging to assess risks accurately. Inconsistent Security Standards: Suppliers may adhere to different cybersecurity standards, leading to inconsistencies and potential security gaps.
Dear Penelope Supi,
This may cast some light on it:
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Mohammed Aasimuddin
Cybersecurity risks in the fashion supply chain can cause data breaches, production delays, and counterfeit goods. Weak security in suppliers or logistics can expose the entire network. To prevent this, companies should enforce strong cybersecurity policies, conduct regular audits, use blockchain for transparency, and train employees on cyber threats. In a fast-paced industry, protecting digital systems is as crucial as safeguarding physical assets.
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