Tag:Supply Chain Risk
The Court Struck Down the Tariffs but the Compliance Nightmare Got Worse
For companies that spent the past year paying billions in tariffs imposed under the International Emergency Economic Powers Act (IEEPA), February 20, 2026 looked like a victory. The Supreme Court ruled that the IEEPA does not authorize the President to impose tariffs. But, if compliances officer, general counsel, and importers should not celebrate yet. The ruling did not end the tariff saga; it merely opened a new and more chaotic chapter.
CrowdStrike’s Setback: A Blueprint for Better Third-Party Risk Compliance
Earlier this year, CrowdStrike, a leading cybersecurity company, experienced a major outage caused by an automatic software update. This incident disrupted services globally, affecting over 8.5 million devices, including critical sectors such as healthcare and financial services. As businesses increasingly rely on third-party vendors for cybersecurity, this outage underscores the importance of managing third-party risks and ensuring digital resilience. Organizations can use this event as a valuable lesson to reassess their risk management practices and strengthen their defenses. Furthermore, the incident reveals how even highly reputed vendors are not immune to failure, stressing the need for layered defenses that safeguard against vendor disruptions at every level.