Small to medium sized businesses (SMBs) are increasingly relying on technology to support their operations and grow their business. As such, it is essential for SMBs to understand the risks associated with their supply chain and take steps to mitigate them. Unfortunately, there are many misconceptions about supply chain IT risks that can lead SMBs astray. In this blog, we will outline the top 3 supply chain IT risk misconceptions and provide insights into how SMBs can better understand and mitigate these risks.

Misconception 1: “Our Suppliers are Responsible for Ensuring the Security of Their Products and Services”

Many SMBs believe that their suppliers are solely responsible for ensuring the security of their products and services. While it is true that suppliers have a responsibility to provide secure products and services, SMBs also have a responsibility to protect their own systems and data. This includes evaluating the security of their suppliers and ensuring that their systems and data are protected from potential threats.

Misconception 2: “We Don’t Need to Worry About Supply Chain Risks, We Don’t Have Any Sensitive Information”

Another common misconception about supply chain risks is that SMBs don’t need to worry about these risks if they don’t have any sensitive information. This is a dangerous assumption, as even non-sensitive information can be valuable to cyber criminals. For example, an attacker could use information about your company’s operations, employees, or customers to launch a targeted phishing attack.

Misconception 3: “Our Firewall and Antivirus Software Will Protect Us from All Supply Chain Risks”

Many SMBs believe that their firewall and antivirus software will protect them from all supply chain risks. While these tools are important for reducing risks, they are not a silver bullet. SMBs need to implement a comprehensive security strategy that includes regular risk assessments, employee education, and incident response plans. In addition, SMBs should regularly evaluate their security posture and make updates and changes as necessary.

If you’re not sure how to protect your supply chain without taking more time away from your packed schedule, don’t worry. Working with an IT service provider like us can help protect your business from supply chain misconceptions and risks. Contact Us for a Free Consultation.