Vendor Risk Management Framework – The Key to Effective VRM

Vendor Risk Management Framework

While cooperation between businesses has long been essential for an economy to function and thrive, in the digital age, companies are more interconnected than ever. Additionally, in today’s competitive landscape, companies must concentrate on their core competencies while leveraging third-party vendors’ expertise by outsourcing particular business functions.   However, while this has numerous benefits, including increased efficiency, productivity, and cost-effectiveness, this … Read More

What is a Cyber Supply Chain Risk Management (C-SCRM)?

Cyber Supply Chain Risk Management (C-SCRM) Guide

What is a Cyber Supply Chain Risk Management (C-SCRM)?  While the term “supply chain” traditionally conjures up images of raw materials, production lines, haulage trucks and cargo ships, in the information age, an organisation must also consider its digital supply chain.   A supply chain can be defined as the resources, people, and processes that a company uses to deliver its … Read More

How to Build a Third Party Risk Management Strategy

How to Build a Third Party Risk Management Strategy

The best way to manage third-party cyber risks is through effective third-party risk management (TPRM). TPRM focuses on identifying and reducing third-party risks from vendors, partners, suppliers, contractors, or service providers.  Third-party risk management gives organisations of any size a thorough understanding of how third parties are used and what safeguards they have in place. TPRM programs are dependent on … Read More

Cyber insurance – do you need it?

Cyber insurance - do you need it?

The better your security rating, the less your insurance premiums will cost and the better protected your business will become.  Cyber insurance – also known as cyber liability or cyber risk insurance – covers the losses related to damage or loss of information from IT systems and networks within your business. There are many different types of policies, but the … Read More

How to reduce security risks in supply chain 

How to reduce security risks in supply chain 

In today’s interconnected world, organisations not only have to contend with threats to their own cybersecurity, but they also have to be concerned about attacks on their supply chain as well. Supply chain risk can significantly increase an organisation’s attack surface – and the bigger the supply chain network, the more opportunities there are for a malicious actor to access … Read More

Top tips on how to manage vendors more efficiently

tips on how to manage vendors more efficiently

Vendor management allows organisations to build relationships with service providers and suppliers while controlling costs, driving excellence and mitigating risks. The aim is not only to gain increased value from vendors throughout the lifecycle of the partnership but to strengthen both businesses at the same time.   To effectively manage vendors, it’s not about negotiating the lowest possible price but constantly working … Read More

How to choose a cybersecurity framework that works for you

How to choose a cybersecurity framework that works for you

A cybersecurity framework provides security teams with a set of standards and a common language across borders and industries to understand security postures. With a cybersecurity framework in place, it can help define the procedures and processes that your organisation must take to monitor, asses and mitigate cybersecurity risk.  Let’s take a closer look at the most common cybersecurity frameworks.  … Read More

Digital Supply Chain – what is it, and how do you protect it?

Digital supply chain

New technologies enable businesses to provide the platform for a thoroughly modern supply chain – the digital supply chain. A digital supply chain includes the process of delivering a digital asset from the point of origin to its destination. In today’s technological world, a digital supply chain spans the entire operations of most organisations.   A digital supply chain utilises advanced technologies … Read More

What is the impact of cyber security on procurement?

impact of cyber security on procurement

The procurement process needs additional technological resources to ensure appropriate risk mitigation Up-to-date procurement processes include various technologies in order to streamline internal business operations. Companies use either enterprise resource planning (ERP) platforms or less sophisticated software, but what stands out most is that more and more digital tools are being used to manage procurement.   As an organisation adds e-procurement … Read More