By Harish Kumar GS
Cyber risks or the potential for an organization to experience loss or damage due to cyber-attacks, data breaches, or other cyber-related incidents, have increasingly captured the attention of business leaders, as they represent significant operational challenges with the potential to cause severe financial losses and irreparable harm to an organization’s reputation. Such threats are never nearer that today where according to Check Point Threat Intelligence Report, an organization in India is being attacked on average 3304 times per week in the last 6 months, compared to 1854 attacks per organization globally.
Among cyber risks, third-party or supply chain risks become one of the most challenging areas as heavy and unavoidable reliance on using third parties such as Cloud and SaaS providers is a reality of today’s IT and security operations. Organizations’ sensitive and proprietary data is transmitted to, processed by, and stored in third parties’ computing environments. However, when third parties also engage other external parties (i.e., fourth parties) to support their operations and handle your organization’s data, then how well do these parties…
