The TMT industry also faces significant risks in third-party and supply chain management. The intricacy of this sector's supply chains, combined with a dependence on third-party vendors for services, software, and hardware, significantly increases the risk of cyber threats. The 2017 NotPetya ransomware attack affecting Danish shipping giant Maersk, a key link in the global tech supply chain, disrupted operations and resulted in a financial loss of approximately $300 million .
At Responsible Cyber Pte. Ltd., we specialize in managing third-party and supply chain risks. We assess your organization's external relationships, identify potential vulnerabilities, and implement robust controls to ensure operational integrity. Our tailored strategies can enhance your organization's overall security posture, helping you navigate the complexities of the TMT industry with confidence .
1. Hackett, R., "How a Cyber Attack Hamstrung Shipping Giant Maersk," Fortune, August 2017.
2. PWC, "Managing third-party risk in the Technology, Media, and Telecommunications industry," 2019.