Insights blog.

In today’s business landscape, it’s critical to manage the risk that your vendors, or third parties, can pose to your business — and it’s not always the easiest task. It requires that organizations not only have the ability to continuously monitor and identify new risk, but also the ability to work with their vendors to fix security issues quickly. Getting to risk reduction rapidly means that both organizations are communicating effectively, using data and evidence rather than conjecture to make progress.

Five of the most critical vendor evaluation tools that you should have in your cybersecurity risk management toolkit.

What’s the biggest struggle your vendor risk managers face when establishing cyber security monitoring processes? From sudden increases in the use of third-parties by your organization, to not knowing which vendors might be impacted by the current data breach, vendor risk managers are plagued by challenges and roadblocks that impede their program efficiency.

One of the primary roles of senior executives—from the CISO to the general council and all the way up to the board of directors—is to ensure that an organization has policies set in place for cybersecurity.

Follow these tips to make sure all your vendors continuously meet your security standards.

If your organization handles or works with a certain type of data, you have a legal obligation to protect that data. Generally speaking, this could refer to personal information like names, identifiers (i.e. social security numbers), health data, or financial data. If any such data is compromised, it’s not only your fiduciary responsibility to disclose the breach to those harmed—it’s also your legal obligation.

If you’re working on organizational cybersecurity, one of your top goals is likely putting a system in place that will help identify data breach incidents as quickly as possible, whether that data is inside your organization or with one of your vendors. Of course, simply knowing about a data breach incident isn’t enough—you have to take action immediately, or you could risk major data implications. 

From an IT perspective, an important part of endpoint security refers to ensuring that the endpoint devices connected to your network—computers, laptops, mobile devices, tablets, etc.—are running on the latest version or patch to all operating systems or software.

Learn what is inherent risk, how to measure it, and why it's a useful tool for your vendor risk management program.

In today’s ever changing cyber risk landscape, your organization must adopt a vulnerability management framework to control exposure and remediate risks in a timely manner.

The financial services sector is one of the highest performing in terms of cybersecurity. One factor that contributes to this performance is regulation.

Make your vendor lifecycle more efficient and less fraught with cyber risk with these three tips for supply chain risk management.

A security benchmark report is a document that helps an organization identify their cybersecurity capabilities and initiatives and compare those efforts to peers or competitors of the same sector or size. This snapshot is prepared either internally by the organization or by a third party.

With high-profile breaches being traced back to supply chain vulnerabilities and a regulatory environment that’s waking up to the realities of vendor risk, many organizations are investing heavily in third-party risk management (TPRM) programs.

Enterprise risk management software helps businesses monitor, manage, and mitigate many types of risk. However, procuring and implementing ERM software requires a significant investment, and choosing the solutions that are right for your business is a perennial challenge for risk management professionals.