Vendor Risk Management (VRM) Audit Checklist

Vendor Risk Management VRM Audit Checklist RiskXchange The leader in Third-Party Cyber Risk Management

RiskXchange’s VRM framework can identify and mitigate third-party risk factors, business uncertainties, legal liabilities, and repetitional damage. Vendor risk management (VRM) encompasses all measures that monitor and manage risks that may arise from third-party vendors and suppliers of information technology (IT) products and services. VRM programs are designed to ensure that IT service providers, third-party products and vendors cannot cause … Read More

What is cyber risk quantification and why is it important?

What is cyber risk quantification and why is it important RiskXchange The leader in Third-Party Cyber Risk Management

While risk management is not a new concept to the security industry, condensing the complexity of cyber risk into numbers, known as cyber risk quantification (CRQ), is slowly becoming a major part of security strategies around the world. Cyber risk quantification refers to the process of measuring, validating, and analysing identified cyber risks in line with available cyber data using … Read More

How to address the cybersecurity skills shortage in the future

How to address the cybersecurity skills shortage in the future RiskXchange The leader in Third-Party Cyber Risk Management

RiskXchange looks at the cybersecurity skills shortage and how to address the problem. A report by Cybersecurity Ventures has highlighted that 3.5 million cybersecurity jobs will be available but unfilled by 2021. Experts warn that organisations will fail to fill these positions because the industry lacks cybersecurity skills, so they must consider alternative ways to meet demand. More and more … Read More

Key Processes of Cyber Resilient Companies

Key Processes of Cyber Resilient Companies RiskXchange The leader in Third-Party Cyber Risk Management

RiskXchange enables organisations to remain flexible while ensuring business resilience and continuity in an ever-evolving environment. In today’s fast-paced, quickly becoming home-based, digital space, it is now fundamentally important to ensure that all companies are cyber resilient.  Cyber resilience refers to an organisation’s ability to continuously deliver the intended outcome, despite adverse cyber events. The concept essentially brings the areas … Read More