The past two years have certainly taught us to expect the unexpected. That being said, it behooves us to look at the past to gain invaluable insight into the future. As we reflect on the massive changes that have occurred in our world, Panorays experts weighed in on what cybersecurity issues they see taking precedence in the coming year. 1....

Reading the statistics and poring through articles about recent third-party security breaches may educate you about current cyber dangers, but it won’t actually solve anything. The best way to minimize your risk of third-party cyberattacks is by implementing a comprehensive and efficient Third-Party Security Risk Management (TPSRM) process. But if you’re like many, you are part of a small team...

To avoid costly mistakes, financial institutions such as institutional investors, private equity firms, venture capital firms, mutual funds and underwriters perform a thorough examination of an organization before investing in it. Aside from evaluating things like management, size of market, an organization’s business model and a product’s competitive edge, financial investors also assess the risk level before financially backing any...

Just because financial services is a highly regulated industry doesn’t mean that managing your suppliers needs to be an arduous process. It seems counterintuitive that the same vendors who are supposed to simplify your job and expedite day-to-day processes are also costing you hours, days and months to manage. The process of onboarding, managing and maintaining compliant suppliers is a...

Are you charged with managing your organization’s third-party security and find yourself manually sorting through spreadsheets, trying to make heads-or-tails of your suppliers’ security questionnaires? Are you frustrated by the weeks or months it takes to onboard a new vendor? Are you concerned that your organization will be the next victim of an expensive third-party cyberattack? Wondering how you’ll ever...

This past year has been a challenging one for the world at large. In the cyber world in particular, it will be remembered as a year that saw an increase of supply chain attacks, affecting as many as 694 entities. This increase in third-party attacks is not surprising given that companies are utilizing vendors more today than in the past....

We all rely on third-party vendors to get our work done. Whether it’s our office supplier, cloud host or a project management tool — we are super dependent on others to make our jobs easier. But by doing so, we’re also making our companies more vulnerable. To illustrate that point, did you know that organizations share sensitive data with an...

Financial. Healthcare. Insurance. Government.  Industries like these, well known for dealing with valuable information such as Social Security numbers, medical records and other personal information, are what most would consider likely security breach targets. However, as organizations increasingly depend on technology, data and vendor supply chains to conduct business, there’s no sector that’s immune and no organization that is safe...

Just a mention of those long, arduous and often confusing security questionnaires evokes eye-rolling, stress and frustration from suppliers. And for good reason. While understandable that an organization must do its due diligence before entrusting a vendor with their data, the process of filling out a security questionnaire is fraught with challenges. Here’s why vendors find the process of completing...

“You can’t manage what you can’t measure,” Peter Drucker, the father of modern business management is famously quoted as saying. While there are many areas in business and in life where this quote can apply, it is especially pertinent to managing vendor cyber risk.  While the world has unprecedented access to data than ever before, it’s turning that data into...