Vendor due diligence best practices we can expect to see in 2022

RiskXchange Vendor Due Diligence Best Practices In 2022 RiskXchange The leader in Third-Party Cyber Risk Management

Throughout 2020 and 2021, we saw threats to cybersecurity increase by a significant margin. This led to disastrous cyberattacks all across the world, such as the SolarWinds attack, which undermined company profitability and credibility. Social engineering attacks proved to be particularly devastating with multiple reports revealing that ransomware and phishing attacks were particularly successful in this timeframe. In 2022, we … Read More

How has supplier due diligence responded to modern threats to supply chain

RiskXchange How has supplier due diligence responded to modern supply chain threats RiskXchange The leader in Third-Party Cyber Risk Management

On 2nd July 2021, Kaseya found their data stolen and held for ransom. Those who perpetrated the ransomware attack demanded over $70 million in payment to release the data, but the exposure of over 1500 of their clients to a potential ransomware attack was even more concerning for Kaseya.  An investigation into the attack revealed that there was a vulnerability … Read More

How has supplier due diligence responded to modern supply chain threats?

supplier due diligence

With the European Union forecasting that this year will see a four-fold increase in software supply chain attacks in 2021, compared to last year, vendor security has become an enormously important priority for almost every business this year. On the heels of cybersecurity incidents like the SolarWinds breach and the Codecov cyberattack, we need to relook at our processes; all … Read More