Third-Party Suppliers Undergo Security Checks
A recent study has revealed that over a fifth of companies fail to conduct security checks before entering into a contract with a third-party supplier. This is concerning as performing a security check is crucial for various reasons, including protecting sensitive data, which a supplier may have access to, such as customer data or intellectual property. A security check helps ensure that the supplier has appropriate security measures in place to safeguard such information.
Another reason is to mitigate risks posed by third-party suppliers that may have inadequate security measures in place, potentially posing a security risk to the organization. By conducting a security check, organizations can identify and address such risks before entering into a contract, thus avoiding any potential legal or regulatory issues. In addition, many industries have specific compliance requirements for security and data protection, and conducting a security check helps organizations ensure that the supplier complies with these requirements. By performing a security check, organizations demonstrate their commitment to security, which is crucial for maintaining their reputation and the trust of their customers.
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.