Eric has owned ABC Electronics LLP, a successful electronics parts manufacturing company for 22 years. Erics business is a $50 million company, with over 200 employees, with 2 locations in the Tri-state area. However, due to a recent break down in the supply chain of parts, a cyber data breach incident which cost the company tens of thousands of dollars to repair, plus a pending lawsuit filed by an ex employee, Eric and his executive management team have determined that a thorough risk management process may need to be implemented. A consulting firm specializing in risk management has been hired.

If you were part of of the consulting firm hired to assist Eric in a risk assessment endeavor, what areas of concern would you detail in a report made to Eric and his executive management team that focuses on the first risk management step of "Identification", and the 4th step in the risk management process of "determining workable solutions"? Explain with detail.