In recent years cyber security has become a deciding factor in whether your firm wins or loses public sector tenders.
SMEs that fail to adjust to rising expectations around cyber security risk being left behind when it comes to public procurement opportunities.
Supply chain risks
Data breaches caused by poor cyber security in suppliers has become a recurring theme. So much so that government organisations like the MOD have made Cyber Essentials certification mandatory when bidding for new contracts.
According to the Chartered Institute of Procurement & Supply (CIPS) “two thirds of companies have experienced a cyber attack on their supply chain software”.
As technology is becoming more and more advanced the main concern is that attackers are finding new ways to exploit computer networks. The government is already investing £150m in cyber security defences for the NHS.
The public sector is paying attention
In a recent survey which targets public sector professionals in healthcare, “Impact of Procurement in Healthcare: Challenges and Opportunities 2018”, respondents were asked if cyber security challenges had “made their organisation review its procurement technologies, platforms and processes.”
The results showed that:
- 63% now have a designated cyber security lead within the organisation
- 50% seek greater assurances from suppliers regarding their cyber credentials
- 53% have stricter controls in place with regard to monitoring, handling and processing data
Is your SME cyber secure?
If your business is looking for public sector tenders via Tracker, we can help you to promote your organisation as Cyber Essentials standard level.
As you have read above, having this certification will make a real difference when bidding for contracts with the public sector.
Certification is easy and can be completed online. If you would like to learn more about Cyber Essentials.