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The U.S. Federal Government faces significant challenges with implementing cybersecurity policy and standards. U.S. Supply chains are dependent upon Small Businesses; 99% of U.S. businesses fall into the Small Business category, employing over 59 million people, generating over 44% of US GDP.
They are least likely to implement cyber security as they cannot afford to. They find it difficult to pay for cyber insurance (a market going through its own issues) and they do not have access to the necessary resources to manage cyber risk. At a time when cyber-attack complexity and impact is increasing.
Cyber is not just a DoD and CMMC problem, it’s a National problem. A problem which is not unique to the U.S., all countries face the same challenge. How do you secure the supply chains which include Small Businesses, and how do you secure their data and the data that they create on behalf of Federal Government and big business? Protecting National Interests from Cyber attacks?
It is a problem which needs to be addressed if Federal government and big business, who both rely on small business for products and services want to ensure Supply Chain Resilience. At a time of heightened global tensions and record numbers of ransomware attacks.
Is there and answer?
Brian McCarthy‚Â Ted Dziekanowski‚Â Jason Spezzano
#cybersecurity‚Â #SupplyChainRiskManagement‚Â #CyberRiskManagement‚Â #compliance‚Â #cyberinsurance‚Â #insurance‚Â #regulatorycompliance‚Â #regulatoryoversight‚Â #esgrisk‚Â #cyberregulation‚Â #esgreporting‚Â #soc2‚Â #defenceindustry‚Â #esg‚Â #manufacturinguk‚Â #manufacturingsector‚Â #manufacturingindustry‚Â #defence‚Â #defenseindustry‚Â #soc2 #theaugustagroup #theaugustaplan
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