Third-party cyber threats are impacting major business decisions, according to a BitSight and CeFPro report. Here are some of the biggest challenges.
Managing third-party cyber risk is crucial to a functional business, according to a BitSight and Center for Financial Professionals (CeFPro) report released on Tuesday. However, a lack of consistent monitoring and reporting is presenting major challenges for organizations, leaving them vulnerable to data breaches, the report found.
The report surveyed 126 financial services professionals from various industry sectors across the world. The financial industry, in particular, works with thousands of vendors including legal organizations, accounting and human resources firms, management consulting and outsourcing firms, and IT and software…
