Apr 28, 2021
1 min read
Infographic: Doing Business Doesn’t Have to Be Risky
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...
Apr 22, 2021
5 min read
4 Unexpected Industries That Can Be Targets of Third-Party Breaches
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...
Apr 08, 2021
3 min read
Why Vendors Hate Security Questionnaires
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...
Mar 25, 2021
4 min read
The 6 Most Important Reports for Monitoring Vendor Cyber Risk Management
“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...
Jan 14, 2021
3 min read
What You Need to Know About Supply Chain Attacks
As the world was finally counting down to a new and brighter 2021, the attack on SolarWinds, one of the most significant supply chain attacks in recent history, closed an already challenging year with a thunderous bang. This supply chain attack was quite extensive, affecting more than 250 federal agencies and businesses and setting off alarms about the vulnerability of...
Dec 31, 2020
3 min read
5 Features to Have in Your Third-Party Security Risk Management Platform
If 2020 has taught businesses anything, it’s to “expect the unexpected.” The COVID-19 pandemic showed the world just how ill-prepared we really were for a disruption of this magnitude. As we enter 2021, resolve to protect your assets by employing a third-party security risk management platform and watch your old, manual process quickly transform into an efficient, streamlined one. So...
Dec 22, 2020
3 min read
5 Key Considerations for Third-Party Risk Monitoring
Companies are finally understanding the importance of having a full due diligence process in place to assess their third-party vendors. But an essential part of the third-party risk management process is what happens at the end: Once you’ve finished assessing your vendors; you need to monitor them. This proactive approach will alert you of any potential or new risks that...
Nov 24, 2020
1 min read
How Improved Vendor Collaboration and Communication Can Actually Reduce Cyber Risk
Remember when “Telephone” referenced a game you played with your childhood friends? “Telephone” in the workplace, especially between you and your vendors, is anything but fun and games. It is the cause of much frustration, inefficiencies and unnecessary risk to your organization. In recent years, businesses have greatly increased their reliance on vendors. Ideally, working with vendors enables businesses to...
Nov 12, 2020
3 min read
4 Reasons You Should Perform a Third-Party Cyber Risk Assessment
What do Instagram, Marriot and General Electric have in common? All three experienced third-party vendor data breaches in 2020. It’s pretty much impossible to find a company today that is not reliant on third-party vendors for products or services. Vendors offer organizations the ability to reduce costs and improve efficiency. Unfortunately, the same vendors may also carry risk for these...
Nov 10, 2020
2 min read
5 Ways Panorays’ Integrations Benefit Your Security Management Process
Recently, Panorays announced exciting new integrations with RSA Archer and ServiceNow. While this new functionality paves the way to more efficient organizational workflows, it also provides many additional benefits as well. How will these integrations enhance your ability to manage the third-party security posture of your vendors? Here are five benefits to consider. 1. Ease of Use As a SaaS-based platform...
Popular Posts
Feb 10, 2022
1 min read
The Most Common Third-Party Cyber Gaps Revealed
As organizations increasingly rely on third-party vendors to provide essential services, they also become more vulnerable to vendor related cybersecurity risks. A recent study by Forrester found that nearly 60% of companies experienced a data breach due to a third-party vendor in the past year. But what are the most common vendor cyber gaps that organizations should be aware of?...
Aug 26, 2021
3 min read
4 Ways to See if You Are at Risk of a Vendor…
Recent supply chain attacks such as Kaseya, Accellion and SolarWinds have illustrated that when it comes to vendor breaches, it’s not if, but when. While it’s impossible to predict cyberattacks, there are key steps that you can take with your vendors to determine if you might be at risk. Here are 4 key strategies: 1. Monitor security posture It’s important...
Jan 03, 2022
3 min read
5 Resolutions for Reducing Third-Party Cyber Risk in 2022
If there’s one thing we’ve all learned, it’s that supply chain attacks are not going away anytime soon. Last year, we saw major cyber incidents involving Accellion, Kaseya, Codecov and others; next year, there will certainly be more. To help prevent and respond to similar cyber incidents, it’s essential to consider how best to reduce third-party risk. How can this...