Today, cybersecurity is rightly on everyone’s mind. The ITRC tracked 3,205 data compromises, while increased AI availability is causing the scale of security ecosystems to grow even more; with multiple tools being used in a variety of ways by both businesses and their partners.
To build and maintain trust, businesses need to scrutinize not just their own security, but the security of their entire ecosystem. Every business relies on vendors to build parts of their product. And with introduction of each vendor there is additional risk, making third party security the business’s responsibility. Because in the event of a breach, a customer won’t care about who was responsible; only why it has impacted them.
The time of risk management being exclusive to a single organization is long gone, making managing third-party risk an even greater priority for leaders. But when IT and security resources are already stretched, how realistic is this?
Scaling to secure the business ecosystem
Admittedly, it’s not easy for businesses to keep up with the growing compliance burden and to maintain a strong security posture. According to Vanta’s State of Trust…
