Securing Connections: 3rd Party Risk Mgmt Expert Insights - Charles Spence - CSP #165

For manufacturing companies, technology has taken over a good deal of the day-to-day operations occurring on the manufacturing floor. Things like robotics, CNC machines and automated inventory management. There are even systems that track what tools are used, by whom and for how long. This technology often works outside of or flies under the radar of traditional IT processes. For critical infrastructure, we are hooking up legacy systems to larger networks. Industrial control systems, that were never designed to be attached to the Internet, are now exposed to a wide array of new threats and attacks. Aside from those risks, digital sensors can be attached to almost anything these days, making everything "smart". And with the ability for sensors to also be controllers the risks levels are rising quickly. This segment is sponsored by Arctic Wolf. Visit https://www.cisostoriespodcast.com/arcticwolf to learn more about them! Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-171

Manufacturing environments rely heavily on Operational Technology (OT) systems – such as industrial control systems, supervisory control, PLCs etc. to manage production processes. Compromises of these networks and systems can have devastating consequences, including: • Production disruptions and downtime • Safety hazards: • Data breaches and intellectual property theft: • Financial losses: Ransomware attacks can cripple operations and demand hefty payments. Manufacturing is a lucrative target for Ransomware. • There is little tolerance for downtime. • Difficulty in managing OT environments (different skillsets) • Increasing connectivity between IT and OT due to digital transformation Incidents such as the well documented Colonial Pipeline attack along with other manufacturing companies like Dole, and Brunswick continue to highlight the growing threat landscape for OT security in manufacturing. This segment is sponsored by Arctic Wolf. Visit https://www.cisostoriespodcast.com/arcticwolf to learn more about them! Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-170

The cybersecurity threat landscape is constantly evolving, and experience has shown that everyone and every organization is prone to being breached. How do you prepare for what seems inevitable? You assume breach and plan accordingly. Cyber resilience has become a top priority as organizations figure out how to build a network that can either continue functioning or can recover quickly when faced with cybersecurity attack. This segment is sponsored by Arctic Wolf. Visit https://www.cisostoriespodcast.com/arcticwolf to learn more about them! Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-169

Operational Technology (OT) security is concerned with protecting embedded, purpose-built technologies enabling our industrial processes. You also may have heard “adjacent” buzzwords like Internet of Things (IOT) and Fog (like “cloud” but close to the ground). OT security has significant challenges in terms of cost/size/weight, capability, ability to be updated, and robustness (often, OT failures can endanger lives). More recently, as cyber warfare evolves, OT is one of two main attack vectors. This session will explore the threats, and ability to manage them, using war stories. This segment is sponsored by Arctic Wolf. Visit https://www.cisostoriespodcast.com/arcticwolf to learn more about them! Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-168

Third-Party Risk Management is essential for safeguarding an organization's assets, reputation, and operations. By identifying, assessing, and managing risks associated with external partners, organizations can enhance their resilience, protect sensitive information, and maintain the trust of stakeholders in an increasingly interconnected business ecosystem. We have seen the threat landscape change in the last few years. It has always been important to properly identify, categorize, and address risks created by our vendors and strategic partners, to now having to understand the entire supply chain, and how interruptions can affect your business. Even more recently, with the rise of Business Email Compromise (BEC), risks may also come from organizations you have no previous relationship or agreements with. Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-167

Schneider Electric has over 52,000 suppliers and sells hundreds of thousands of products of which 15,000 would be classified as intelligent products. To address risks stemming from third-party suppliers, and in recognition of the risks posed to customers, we have a holistic approach to value chain security, by implementing security controls at every level (R&D, Design, Manufacturing, Distribution, Staging, Commissioning and Operating). This approach is guided by policies and regulations, continuously evolving to improve our maturity. On the Third-party Cyber posture level, Schneider Electric partners across the industry to raise cybersecurity maturity, with the World Economic Forum (WEF), ISA Global Cybersecurity Alliance (ISAGCA), and Cyber Tech Accord. We specifically have a tiered third-party risk management program which evaluates suppliers through evidenced-based reviews of their secure development processes and cybersecurity posture. Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-166

Breaches at software vendors used by many organizations have highlighted the external software supplier risk, requiring organizations to be even more diligent. Join us as we discuss the supply chain issues and their relationship to software supply chain issues and how organizations should approach environment with supplier software risk, geo-political risk, environmental concerns to maintain business resiliency. This segment is sponsored by VISO TRUST. Visit https://cisostoriespodcast.com/visotrust to learn more about them! Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-165

With CISA just putting out new “secure by design” guidance, Lexmark CISO Bryan Willett pulls the curtain back on the curtain back on how Lexmark is approaching secure-by-design in its products Lexmark is at the forefront of secure by design as their products constantly touch highly confidential information in regulated industries, along with an established security record validated by IDC, Quocirca, and Bitsight. Bryan talks about the impact of secure by design on hardware manufacturers; the steps his company has taken to secure its products, monitor suppliers, and push updates; and his thoughts on the CISA guidance. Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-164

Generative AI security and integrity. This is important to me because it's a cool new commercially available technology that promises efficiency and time savings--and therefore everyone wants to use it without a thorough understanding of how to secure data used with it or correcting model bias introduced through improper governance. The implications, particularly in the healthcare space, are significant where AI-driven care decisions can drift away from optimal care and have the potential to expose significant care gaps. Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-163

Responsible use and governance of AI are key issues today, as training data limitations and data retention issues must be addressed. The risk of exposing PII or other confidential data, managing bias, hallucination, misinterpretation risks and other AI considerations are discussed. Fitzgerald, T. 2019. Chapter 4: Emerging Technologies and Trends in CISO COMPASS: Navigating Cybersecurity Leadership Challenges with Insights from Pioneers, 1st Ed, pg 89-125. Fitzgerald, T. CRC Press, Boca Raton, Fl. www.amazon.com/author/toddfitzgerald. This segment is sponsored by Darktrace. Visit https://cisostoriespodcast.com/darktrace to learn more about them! Visit https://cisostoriespodcast.com for all the latest episodes! Show Notes: https://cisostoriespodcast.com/csp-162