The consumer products industry is forever seeking ways to improve performance, lower costs, and deliver products people want at prices they want to pay and as fast as they want them. The need to improve operations doesn’t end on the manufacturing floor, and many organizations have sought to economize by outsourcing administrative functions to keep the business focused on production and distribution. While outsourcing can save money, dealing with external companies or purchasing software to use in-house for human resources, accounting, and other core business functions can poke holes in cyber security.
Developing a governance framework allows businesses to control who has access to what and to ensure that internal mistakes don’t leave the door open to attacks. Managing enterprise risks helps businesses focus resources on the most critical issues first and develop mitigation plans to limit damage if a breach occurs.