Has your organization established a documented strategy that defines the objectives of your cybersecurity supply chain risk management program?

A cybersecurity supply chain risk management strategy defines how your organization identifies, assesses, and mitigates risks from third-party vendors, suppliers, and partners who have access to your systems or data. This strategy should outline specific objectives, risk tolerance levels, and approaches for managing supply chain security risks throughout the vendor lifecycle. Without clear objectives, organizations often take an inconsistent approach to supply chain security, potentially leaving critical vulnerabilities unaddressed. Evidence of fulfillment could include a formal document such as a 'Supply Chain Security Strategy' or 'Third-Party Risk Management Framework' that explicitly states the objectives of the program, defines roles and responsibilities, and outlines the approach for managing supply chain cybersecurity risks.