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Hey Reader 👋 Guess what the US is celebrating today?… But First, a Wake-Up CallBefore we celebrate the invisible heroes keeping your morning coffee and laptop deliveries on track let's talk about a very visible mess. Marks & Spencer, yes that M&S, is hit by a major cyber-attack. The fallout? The attackers didn’t just target systems. They hit trust, continuity and resilience - the very pillars of a healthy supply chain. Online orders stopped, refunds delayed and gift card payments failed. Stores reported shortages, including items like bananas and iconic Colin the Caterpillar cakes. Note: Ocado's separately managed systems remained operational (I just unpacked ours). In a digital-first world, the supply chain is digital. Which means it’s auditable, vulnerable and strategically critical for internal auditors like us. 🎉 Now Back to The US Supply Chain Day! Yes, that's a thing!Today is Supply Chain Day - a lesser known US national holiday that shines a light on the people, processes and platforms that quietly power global commerce. But for internal auditors, it’s more than a day of appreciation. It’s a reminder to inspect the machinery behind the magic and ask: Are our disaster-proof plans up-to-date? Can we confidently say our digital supply chain is cyber-safe? Are we vetting vendors as ethical, sustainable and secure partners? Do we have visibility beyond tier-one suppliers - right down to the weak links? Let’s show some love and a little tough love to our supply chains. 📊 Where AI, Analytics & Audit IntersectHere’s where your superpowers come in. The combination of data science, internal audit mindset and AI tools is exactly what’s needed to future-proof the supply chain. 1. Early Risk DetectionForget hindsight. Use historical and real-time data to forecast supplier issues before they break things. 2. Fraud & Compliance MonitoringWhen multiple vendors and layers are involved, fraud risk multiplies. 3. Supply Chain MappingDon’t just know who your suppliers are. Know who supplies your suppliers. 4. Audit EfficiencyWith shrinking teams and growing risk, automation isn’t a luxury - it’s a lifeline. 5. Resilience TestingWhat if your top supplier goes offline? What if a ransomware attack (hello, M&S!) knocks out digital systems? 💌 If you’d like a more detailed briefing on how analytics could have flagged M&S-style issues earlier - reply here or connect with me on X (@TheTonyAbraham). 🔐 A Cyber Supply Chain Is Still a Supply ChainLet’s go back to that M&S case. It wasn’t a factory fire or port closure that caused chaos. Cybersecurity experts noted that M&S’s decision to take systems offline is a common response to ransomware, where hackers encrypt critical systems and demand payment for decryption. Taking systems offline aligns with ransomware mitigation strategies, as it prevents further spread of the attack The breach began with stolen credentials and spread via VMware and Active Directory exploits, paralysing their ability to take orders or communicate with customers. That’s a supply chain failure. And here’s the uncomfortable truth: many audit plans wouldn’t have flagged it because they’re still treating cyber as “IT’s problem.” You? You know better. 🧠 Final Thought: Proactive Audit is Powerful AuditWhether you're celebrating Supply Chain Day or reading about another cyber breach, one thing’s clear: Internal audit must become proactive, predictive, and data-driven. AI isn’t replacing auditors. It’s amplifying us. It’s giving us foresight instead of just hindsight. It’s helping us protect business continuity, not just compliance. So on this Supply Chain Day, raise a toast to your own role because you’re not just auditing vendors and paperwork. You’re protecting business resilience. Enjoying this newsletter? Share it with a fellow auditor who could use a shot of inspiration. 👉 Become a regular subscriber here Have a cracking week! Tony |
A 5-minute briefing for internal auditors on audit analytics and AI techniques that catch what manual review misses so your next board update lands with confidence.
Hey Reader 👋 Last week, while hiking through the British countryside with my phone blissfully on "Do Not Disturb," I spotted this horse crossing warning sign. No AI. No sensors. Just a simple metal warning to say: “Something happens here. Often.” But here's the thing – while admiring that sign, I started thinking about a conversation I had at a networking event just days earlier I was listening to a finance director confess that she hadn’t had to approve a single transaction for multiple...
Hey Reader 👋 Last week, while hiking through the British countryside with my phone blissfully on "Do Not Disturb," I spotted this horse crossing warning sign. No AI. No sensors. Just a simple metal warning to say: “Something happens here. Often.” But here's the thing – while admiring that sign, I started thinking about a conversation I had at a networking event just days earlier I was listening to a finance director confess that she hadn’t had to approve a single transaction for multiple...
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