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TECH THREATS


digital supply chains or civil unrest. The civil unrest in Hong Kong, for example, affected the region indirectly with multinational companies staying away and local employees unable to access their workplaces due to safety concerns.


This reflects the need for TAPA members to:


• Maintain logistical and digital assets to prevent unexpected downtime


• Enhance the security of assets by acquiring higher TAPA Standards


• Build up a redundant supplier base to reduce supplier risk and monitor credit scores


Cyber security has more and more visibility throughout the industry, including through government organizations like Customs Trade Partnership Against Terrorism (CTPAT) and as reflected in the changes to the Minimum Security Criteria. “TAPA will be working closely with Law Enforcement Agencies such as INTERPOL to share data on corporate cyber incidents reported by our members and to keep our members well-informed on the latest cyber threats,” Mullins went onto say.


A report by INTERPOL on cybercrime in Southeast Asia has already highlighted the key emerging cybercrime trends and threats which continue to be faced by the region today. In the fight against transnational cybersecurity breaches, TAPA’s focus will be to establish lines of communication with the INTERPOL Cybercrime Response Team to share real-time supply chain cybercrime incident data and to identify emerging cyber threats in a similar fashion to how TAPA shares cargo crime data from its IIS (Incident Information Service) global database with Law Enforcement Agencies for the prevention and detection of crime. Steve Mullins said: “TAPA APAC’s intention is to set up a single point of contact with these agencies to improve the exchange of crime data to help TAPA members.”


• Review your Business Continuity Plan (BCP) regularly for risks arising from new causes


• Create a disaster recovery plan that goes beyond the BCP


• Practice and activate your BCP so staff know how to enact contingencies


Evolving cyber threats with digitisation


TAPA members not already doing so should take additional preventive measures to tighten supply chain security against cyber threats, including:


• Conduct supply chain risk assessment to identify new and emerging cyber threats


• Upgrade security monitoring and measuring systems to higher standards


• Maintain secure back-ups for digital assets


• Share cyber threat intelligence among industry partners and report incidents in IIS


• Leverage TAPA training courses to provide regular staff training for security and anti- phishing awareness


• Purchase insurance cover which factors in cyber risks affecting the supply chain


Larger business interruptions from new causes


1. Data or security breach


2. Espionage, hacker attack, ransomware, denial of service


3. Errors or mistakes by employees


Despite dropping to second position in the Allianz report, business interruption remains one of the most significant risks given the trend for larger and more complex direct and indirect losses from traditional causes, such as natural catastrophes, and new causes, such as


INTERPOL’s ‘ASEAN Cyberthreat Assessment 2020’ provides an in-depth analysis of the cybercrime trends and threats confronting the Association of Southeast Asian Nations (ASEAN) countries, and provides strategies for tackling them.


These top perils – cyber threats, business interruptions and climate change – have a critical impact on the operational performance, financial results and reputations of key stakeholders. Planning and managing for these risks in your supply chain structure is the key to business resilience in this age of digitalization. TAPA members may also take one step further to watch for emerging new technologies, such as artificial intelligence, smart objects and virtual reality that may instantly transform the supply chain industry and obsolete existing processes.


The UK's independent authority on cyber security, The National Cyber Security Centre, provides supply chain security guidance and proposes a series of 12 principles, designed to help you establish effective control and oversight of your supply chain. It offers a series of scenarios against which to measure the security of your supply chain. See their guidance here


“The idea is to give you some concrete examples of good and bad supply chain security to help TAPA members and other organizations begin the process of understanding their own situation,” Steve Mullins says.


For more information on Cyber Security, please contact TAPA APAC at secretariat@tapa-apac.org


Planning and managing for these risks in your supply chain structure is the key to business resilience in this age of digitalization.


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