In the wake of a cyber security incident involving MediSecure, Tesserent, a prominent cyber security company associated with Thales Australia, has issued crucial advice for organisations on managing third-party supplier risks. The incident serves as a reminder of the multifaceted nature of modern cybersecurity challenges.
Mark Jones, Senior Partner at Tesserent, emphasises the significance of scrutinising the information risk management practices of third-party suppliers. He underscores the necessity for organisations to shield sensitive data, safeguard intellectual property, maintain the integrity of supply chains, comply with regulatory frameworks, and mitigate operational risks.
Jones points out that it is not sufficient for organisations to bolster their internal controls alone; there must be equal emphasis on the security protocols of third-party suppliers. “This process can be resource-intensive and time-consuming, and we are always assisting our clients with it,” he stated.
Jones highlights the critical need to consider cybersecurity risks associated with third-party relationships. “Even the most robust internal security measures can become irrelevant if third…
