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
Strategies for effective third-party risk management
As corporate and government stakeholders realise the value of vendor security, your cybersecurity team has to devise a more effective third party risk management programme. With organisations working with hundreds of third-party and fourth-party vendors, enforcing effective vendor risk management strategies is critical for the ongoing stability of your business. That said, managing vendor risk is far more complex than … Read More
How to select an effective third-party risk management framework
RiskXchange can help your business monitor and mitigate third-party risks to prevent unnecessary exposures. Third-party technology and service providers can offer huge strategic advantages to businesses. But at the same time they can cause huge headaches for cybersecurity teams. Although third-party technology allows organisations to focus on their highest value activities, security risks often crop up with each new partnership. … Read More
How to ensure vendor security in a hybrid working environment
The pandemic has seen our lives shift from the office to home, bringing new nightmares for IT security heads. The work-from-home culture has created new challenges for businesses as they see their attack surface expand and their cybersecurity needs intensify. How do you ensure your vendor security in a hybrid working environment is still intact? According to the World Economic Forum’s Global Risk Report, in 2020, cybercrime … Read More
The role of CISOs in mitigating 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