On 20th of May, 2020, UL announced the launch of its Supplier Cyber Trust Level Solution. The solution provides enterprises a glimpse of cybersecurity into their supply chains to anticipate, and manage various risks.
The platform offers an overview of the trustworthiness of these third-party supply chains with a security rating. Currently, there are no frameworks for measuring, and evaluating security across supply chains. Current industry standards cover a small portion of the critical aspects of supply chains. Hence, the new rating system will likely help enterprises avail fair, and consistent evaluations, which can help them form a cybersecurity posture as needed.