As organizations increase their dependency on third-party vendors, it is more critical than ever for firms to understand how they can improve the overall effectiveness of their third-party risk (TPR) management programs.
Recently, RiskRecon and the Cyentia Institute surveyed over 150 organizations to understand the...
The world of third-party risk management is rapidly changing. Each day, organizations like yours face new security, privacy, and compliance threats when working with third parties. The good news is there are world-class teams around the world that are paving the way with new best practices for the next generation of...
While companies across sectors have been shoring up their cybersecurity defenses with technologies, one area remains overlooked: Securing the supply chain.
The supply chain is now less of a linear chain and more of a web that extends in every direction. With digital services such as cloud providers in the mix, the...
Did you know that 61% of data breaches are attributed to a third party or vendor? How can you be sure that the vendors, suppliers, partners, and consultants you work with have the right security in place to prevent an attack from infiltrating your system
Without clear visibility into remote networks and third-party...
Data breaches that stem from third parties, vendors, or contractors are on the rise. In fact, the increase in third-party data breaches is due to the industrialization of the cybercriminal ecosystem and innovations such as ransomware, which makes cybercrime much more profitable and easier to carry out. Plus, the tools...
In today's dynamic cyber world, third-party security is necessary but can be challenging to implement. How did a leading investment firm succeed in creating a robust and efficient third-party security process?
In this exclusive webinar, CAPTRUST IT Governance, Risk, and Compliance leader Jon Atchison will discuss the...
Third-party risk management (TPRM) is more important now than ever. The practice extends far beyond "checking the box" for compliance. And while compliance is a critical component, recent market turbulence has organizations prioritizing business continuity, financial due diligence, and business resilience. How can you...
Managing risk complexities posed by multiple third-party vendors will always be a challenge. CISOs, security and compliance professionals are making third-party risk management a priority like never before due to remote working, supply chain complexity, cloud storage, phishing and ransomware attacks, and regulations...
A proposed class action lawsuit filed against an accounting firm in the wake of a 2019 ransomware incident that allegedly exposed patient data to potential cybercriminals serves as the latest reminder of the security and privacy risks posed by vendors.
Digital transformation is driving utilization of third parties, which can introduce significant risk to your organization. In fact, over 60% of breaches today are linked to a third-party. With this stat in mind, it's no wonder that a multitude of potential third-party cyber risk management (TPCRM) solutions have been...
Alongside the sad and vast expense of legitimate claims, it is an unfortunate fact that in times of economic hardship, people have a history of taking any opportunity to exploit financial institutions for ill-gotten gain.
It's crucial for companies to assess and monitor the security of their vendors, suppliers and business partners.
Companies must carefully check their vendors' cyber posture, and the initial vetting of any third party typically begins with a comprehensive security questionnaire. But these can be a headache, because...
Organizations can no longer simply hire vendors without proof of a strong cyber posture, and a comprehensive questionnaire can demonstrate that vendors' internal security policies are up to par.
Yet not all questionnaires are the same. The benefits of automated questionnaires can vary, depending on the...
The process of onboarding vendors has become complicated because of concerns about cybersecurity. To prevent data breaches caused by a third party vendor, security professionals demand that vendors demonstrate and maintain a strong cyber posture.
Effectively checking vendors' cyber posture can be extremely...
We typically think of supply chain attacks as stealthy attacks on hardware components, such as malware on laptops and network devices. But this particular supply chain attack was an attack on a service provider.
Download this case study to learn how to quickly mitigate third-party security risks.
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