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cyber risk has emerged as a rapidly growing concern. While there are many examples of cyber risks, the third-party ecosystem remains one of the greatest areas of weakness for most organizations.
Another area undergoing considerable change is third party risk management. What does the next year have in store for third party risk management? Considering this for Digital Journal is Brad ...
an analyst at Gartner. “This risk is higher if the third-party’s cybersecurity controls are poor. There is also the risk that the third party’s own suppliers are compromised. If the data or ...
Privity requires that a direct connection or contractual relationship exist between an accountant and a third party for the latter to be able ... Clearly, the liability risk could be huge from ...
And with introduction of each vendor there is additional risk, making third party security the business’s responsibility.
Despite having a strong security posture, the financial technology (fintech) sector could be open to attack via third parties.
The shock and awe of such a well-regarded cybersecurity vendor causing a major security incident has brought to light a previously overlooked area of third-party risk. Given CrowdStrike’s ...
“The low coverage for supply chain risk management is especially concerning, as the number of third-party breaches in the healthcare industry has continued to increase year-over-year,” they wrot ...
Managing external partners has become a critical part of doing business today. But as companies expand and rely more on outsourcing, the risks grow larger.
the risk created by third-party vendors is a major security blind spot for businesses—and one that can cost them millions of ...
Third-party vendor management helps reduce these ... track vendor activities, and monitor risk in one easy-to-use platform. Instead of relying on spreadsheets or scattered records, teams can ...
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