Faced with ongoing cybersecurity threats, businesses are making greater investments to protect their internal systems and data. When IT leaders sign contracts with third-party vendors, they may assume that security is built into the equation. However, this is not always the case. This can create an opportunity for cybercriminals to enter your IT infrastructure, explained Chris Gordon, integrated risk management portfolio manager at CDW, in a recent ServiceNow webinar.
In fact, “98% of organizations have a relationship with a third party that has been breached” in the past year, according to SecurityScorecard. Neglecting to identify these vulnerabilities can leave gaps in your defenses.
To dramatically reduce threats, CDW and ServiceNow experts say that businesses should prioritize third-party risk management in their security strategies. Here’s a definition of TPRM and some best practices for putting the process in place.
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