Organizations spend a lot of time and money to secure their networks and customers’ data. Most of them procure the latest technology hoping that it will keep hackers at bay, not to mention the struggles of educating and training employees about cybersecurity. But all of these efforts are of limited use because, according to a latest study, third-party vendors are often the reason behind … [Read more...] about Third-Party Vendors: A Company’s Achilles Heel
Vendor security
Why We Need to Be Aware of the Rising Supply Chain Attacks
Around 140 organizations reported to have had their operations impacted or disrupted by a supply chain attack in the first quarter of 2021. According to the Identity Theft Resource Center (ITRC), which is a nonprofit organization, this represents a 42% increase when compared to the previous quarter (4th quarter of 2020). In total, US data breaches that were publicly reported saw an increase of 12% … [Read more...] about Why We Need to Be Aware of the Rising Supply Chain Attacks
Why Should You Implement 3rd Party Vendor Assessment Program in Your Organization
Importance of 3rd Party Vendors Third-party vendors are extremely important to today’s businesses. They let you systematize certain business processes that you can’t do yourself or that are too costly to do yourself. For instance, third-party vendors can provide your payroll services, HR support, technological services, and do sales for you. While the third-party vendors can help you save time … [Read more...] about Why Should You Implement 3rd Party Vendor Assessment Program in Your Organization
Is Your Small Business Safe From Cyber Attacks?
Cyber Attacks are Becoming More Complex Imagine this – you have spent a long and tedious day at your small business. By the time you reach home, open your computer, and check your business’s bank account, you get the biggest shocker of your life: the account balance is zero. You didn’t want to be the one. Certainly, you are not the only target of cybercriminals among the hundreds of thousands of … [Read more...] about Is Your Small Business Safe From Cyber Attacks?
How to Alleviate Third Party Cyber Security Risks
Third Parties Pose Serious Cyber Security Risk to Enterprises At times, it becomes imperative for businesses to provide third parties access to their networks and data; however, doing so comes with an opportunity cost, i.e. cyber security risk. Let’s suppose you gave your vendor access to your critical business data. What if the vendor gets hacked? A serious cyber attack on a third-party can … [Read more...] about How to Alleviate Third Party Cyber Security Risks
