In this Help Net Security interview, Demi Ben-Ari, CTO at Panorays, talks about third-party security risk management and the repercussions of a third-party breach. He also discusses the Panorays platform that automates, accelerates and scales customers’ third-party security evaluation and management process.
Why is third-party security risk management so important?
In today’s hyper-connected world, organizations are highly dependent on third-party vendors to efficiently run their business. On the flip side, vendors that share your systems present security risks that can have serious legal, financial and business implications for your organization. Therefore, it is crucial to efficiently and effectively manage third-party security risk in your company.
To do so, you must have comprehensive, in-depth visibility into and control of third-party security risk. This requires you to assess and regularly monitor the flow of data within your systems and your vendors’ systems, and be aware of security issues and how to mitigate them. Unknown, incomplete or an inaccurate view of supplier risk leaves you vulnerable and can result in a security breach.
Adherence to security…
