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 the CIA Triad Security Model?

What Is the CIA Triad Security Model

While a company’s information security controls and policies aim to keep its sensitive data secure, what does that mean in practice? Or, put another way, how can security teams determine whether the information and assets under their purview are actually secure?   Confidentiality, integrity and availability, collectively known as the CIA triad, is a model designed to guide a company’s information … Read More

Choosing a compliance framework for your business

Choose compliance frameworks

What is a compliance framework?  In the past decade, a host of data privacy regulations have been introduced to combat the growing risk of cyber threats in today’s increasingly interconnected digital world. Companies must comply with these regulations to secure customers’ personal data – or risk leaving themselves susceptible to data breaches, as well as the financial, legal, and reputational … Read More

What is a COBIT framework?

What is COBIT framework - the guide

Control Objectives for Information and Related Technology (COBIT) is a framework created by the Information Systems Audit and Control Association (ISACA) as a supportive tool for managers. The framework allows for bridging the gap between business risks, technical issues, and control requirements.  COBIT is a globally recognised guideline that can be applied to any industry. The COBIT framework ensures quality, … Read More

What is the NIST framework?

What is a NIST framework

RiskXchange will not only help you understand the NIST framework but will find a cybersecurity framework that works for you and your business. Published by the US National Institute of Standards and Technology (NIST), the NIST cybersecurity framework is a set of guidelines used for mitigating organisational cybersecurity risks. The framework is based on existing guidelines, standards, and practices.   The NIST framework provides … 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

Why you should choose an Integrated Risk Management approach 

choose an integrated risk management approach

Why do we need to talk about an Integrated Risk Management now? When the options for digital solutions were relatively limited and technological advancement moved at a slower pace, risk management was largely determined by compliance. Additionally, as each team or department within an organisation was the best authority on how to achieve regularity compliance, they could be left to … Read More

What to consider when selecting a third party risk management framework

RiskXchange A Framework For Third Party Risk Management RiskXchange The leader in Third-Party Cyber Risk Management

In March 2021, the Volkswagen Group of America learnt that one of its vendors left unsecured data online, exposing contact information and social security numbers of over 3.3 million customers. The attack severely damaged the brand’s reputation because over 97% of the victims were Audi customers and interested buyers. The cyberattack encapsulates the problem most companies face today—discerning which vendors … Read More

Vendor risk tiering and 3 Reasons to use it for effective vendor risk management

Vendor Risk Tiering for effective Vendor risk management

A survey revealed that only 34% of companies are confident that they can track vendor logins, while over 37% can track the vendors accessing their system—an indication that vendor security standards are fluctuating. What role does the vendor risk tiering play in all that? Given that businesses interact with over 180 vendors a week, it is understandable that organisations may have … Read More