The role of CISOs in mitigating supply chain cyber risk

Supply chain cyber risk

RiskXchange is a respected provider of cybersecurity ratings and can fully assess potential threats to ensure businesses are protected on all fronts.  CISOs (Chief Information Security Officer) are crucial when it comes to mitigating supply chain cyber risk in any medium to large-sized organisation. The infamous 2020 SolarWinds attack underlined the need for CISOs to adopt tighter security measures within corporations right … Read More

Understanding how procurement risk ties in with third-party risk

RiskXchange is a respected provider of cybersecurity ratings and can fully assess third-party risk factors. Third-party risk is the potential threat that arises from organisations relying on third parties to perform activities or business services on their behalf. Risk can be evident in many different ways, from threat to an organisations’ customer and employee data, to financial information and overall operations. … Read More

Managing third-party risks: What role does security technology solutions play?

For improved profitability, a competitive advantage, and lower enterprise expenditure, plenty of businesses work closely with external vendors. Third-party relationships, however, comprise several threats, including strategic, reputational, regulatory, information security, and financial risks. In this context, financial penalties and reputational damage as a result of non-compliance, supply chain disruptions, security breaches, and data theft involving third parties are driving companies … Read More

WEBINAR ANNOUNCEMENT: Enhancing your third-party risk management strategy

According to research conducted by Opinion Matters, companies in the UK seem to have the lowest visibility over supply chain vulnerabilities, compared to countries like the US, Mexico, Switzerland, and Singapore. In its results published last month, we now know that around 82% of organisations that took part in the survey from the UK experienced a cybersecurity breach originating from … Read More

The 3 Main Digital Supply Chain Risk Management Strategies to Consider

RiskXchange provides a powerful AI-assisted, yet simple automated and centralised unique 360-degree cybersecurity risk rating management approach. Most businesses are always in the process of digital transformation – technology is updating, changing, and evolving daily so it is important to adapt with it. The “latest” challenge presents itself in the guise of cloud services which yield a great deal of … Read More

What can happen if you don’t prioritise vendor risk management

RiskXchange’s VRM framework can easily identify and mitigate third-party risk factors. Vendor risk management (VRM) is the process of dealing with monitoring and managing risks that may arise from third-party vendors and suppliers of information technology (IT) products and services. VRM programs are designed to ensure that third-party products, IT service providers and vendors cannot cause business disruption or repetitional … Read More

VRM is key to managing and monitoring third-party vendors products and services.

The number of cyberattacks and data breaches through third-party vendors is increasing and intensifying, therefore superior cybersecurity measures are needed. As businesses all around the world increase their use of outsourcing, vendor risk management (VRM) is key to managing and monitoring third-party vendors and suppliers of IT products and services. VRM and third-party management are now the most important parts … Read More

The challenges of quantifying the impact of third-party cyberattacks

Cyber risk quantification is not a new term in the cybersecurity landscape. While it is still gaining momentum across modern businesses and the C-suite, the concept has been around for some time now. Cyber risk quantification, in a nutshell, is the process of measuring, validating, and analysing identified cyber risks alongside security data with the help of modelling techniques. It … Read More

The future of security compliance: understanding key priorities for vendor risk management

Today we live in a very disruptive environment. Global health systems have been threatened and the rise in threats have highlighted how we should safeguard our data and systems. Third parties are redefining how businesses compete in this new digital world. Organisations are becoming more reliant on third parties. This means that these third parties are accessing an organisation’s most … Read More