While the overall digital transformation of businesses requires more and more new technologies, cyber security is a crucial factor to the success of the digital economy. Not only people and organizations need to trust that their digital technologies are safe and secure; moreover, cyber security issues are a significant risk for the supply chains. The presentation explains the framework developed and used by Siemens to reduce risk by integrating cyber security measures into the supplier management and the procurement processes. In this session, you will learn

• How to best assess and ultimately reduce risk and successfully integrate cyber security into IT procurement processes
• How to reduce complexity and find your way through the variety of different standards
• How to optimize your supplier management and create more stability