Remote work is forecasted to increase in 2023 — which means so will the cybersecurity risks that come with it. Although cloud-enabled workforces and virtual third-party vendors have set the stage for companies to operate globally dispersed workforces, they also increase risk of security events.
As a result, third-party security management is more critical than ever. As companies increase reliance on third-party vendors, cyberattacks on suppliers have increased. According to a 2022 Ponemon Report, the number of cyberattacks originating in third-party vendors reached 49%, up from 44% in the 12 months prior.
Although security and cyber risk teams are well aware of these challenges, few organizations have evolved their third-party security risk management programs to address them. To help clarify what’s wrong with existing solutions and explain how to maximize solution ROI, we’ve put together this helpful guide. Check it out!
Don’t Do This
In the guide, we cover two common approaches to third-party risk management that fall woefully short. Here’s a brief overview.
1. Manual security questionnaires and spreadsheets
Manually filling out…
