Creating a well-functioning vendor risk management (VRM) system can be a formidable task to undertake. This is due to the delicate nature of the job at hand, which requires the system to collect information about all of the vendors in one convenient place and categorize them according to their riskiness and then decide whether to remediate or terminate these contracts. Despite this challenge, … [Read more...] about Why Your Business Must Have a Vendor Risk Management System
Vendor security
Tips for Supply Chain Risk Management
Cyber risk management is a rather challenging feat, even for the most experienced cybersecurity teams. Many day-to-day business functions depend on outsourcing to third-party companies to create a vast digital trail that ultimately requires cyber protection and monitoring. Therefore, relationship management is essential for managing cybersecurity risks in the supply chain or the vendor … [Read more...] about Tips for Supply Chain Risk Management
Vendor Due Diligence: Best Practices to Secure Your Supply Chain
Third-party vendors have become crucial assets to businesses and are now key in carrying out their everyday operations. However, this has led to cybercriminals targeting vendors to gain access to sensitive information of the companies they work for and exploit that data. With an enormous surge in attacks occurring since the pandemic began, organizations must ensure that vendors are … [Read more...] about Vendor Due Diligence: Best Practices to Secure Your Supply Chain
6 Tips for Vendor Management Success in 2022
The cybersecurity incidents that unfolded in the past two years have been unpredictable, to say the least. This past year, businesses suffered in ways previously unknown to many. Some of the biggest lessons that we learned in 2021 include prioritizing cybersecurity and monitoring your third parties frequently, ensuring that your vendors have adequate business continuity plans, monitoring your … [Read more...] about 6 Tips for Vendor Management Success in 2022
Why Your Must Secure Your Cyber-Physical Supply Chains
Cyber-physical systems are able to combine computation, networking, and physical processes while giving us the best of both worlds in regards to both physical and digital domains. These systems possess a variety of capabilities covering everything from control systems in utilities to nuclear power plants. Cyber-physical systems operate alongside the physical environment utilizing a … [Read more...] about Why Your Must Secure Your Cyber-Physical Supply Chains
