Mitigating third-party risk in today’s cyber ecosystem [Q&A]

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As third-party risk continues to be a critical concern for enterprises, the need for effective risk management strategies has never been more pressing.

We spoke with Bob Maley, CISO of third-party risk management specialist Black Kite, to get his insights into effective strategies for managing this challenge along with the nuanced risks and necessary tactics to secure enterprise environments against sophisticated threats.

BN: How can organizations assess and manage risks associated with emerging technologies?

BM: Organizations need a proactive approach that begins with detailed assessments to identify potential risks. These assessments should focus on the technology’s architecture, possible attack vectors, and security controls the vendor provides.

They should implement continuous monitoring for real-time or near-real-time assessment of their security posture. This allows for rapid detection and mitigation of risks, keeping defenses updated against evolving threats.

Involving security teams early in the evaluation and implementation phases makes security a foundational aspect of new solutions. Regular communication with vendors ensures alignment…

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