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LATEST THINKING


PROCUREMENT’S NEXT FRONTIER

AN INDUSTRY UNDER ATTACK

The increasingly digitized and connected world of commodities trading is experiencing concerted cyber attacks from criminals and hacktivists to intentionally cause financial and reputational damage to companies.

Managing an organization’s response to cybersecurity should be a priority for the entire enterprise and requires cross-organizational collaboration. Approaching cybersecurity with the same rigor and accountability as more traditional commercial and operational risks is crucial in minimizing the damage caused by security breaches.

CAUSES, COSTS AND
CONDITIONS

Recognizing factors that contribute to the problem—and understanding their enormous cost, is beneficial to battling the situation:

WHAT CAN BE DONE?

Effective cyber defense depends on taking these 12 basic steps. See if you can identify the approaches already employed within your company. If anything is missing, it might be time to reassess your strategy.

MEET THE AUTHOR

Ricahrd Payne


Richard Payne
Managing Director
Commodities Trading & Risk Management
Accenture

 

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