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
How does the Digital Operational Resilience Act (DORA) affect you?
RiskXchange can help you stay on the right side of data privacy regulations anywhere in the world. The ever-increasing risk of cyberattack has prompted the EU to adopt a legislation to improve the cybersecurity and operational resiliency of the financial services sector – the DORA act. The Digital Operational Resilience (DORA) Act was implemented to ensure that the European financial sector is able to remain … Read More
Webinar announcement: Integrating procurement procedures to complete TPRM strategy
In a security landscape in which our networks, especially the supply chain, are facing increased risks, many businesses are scrambling to adopt the latest third-party security best practices – a strong TPRM strategy. Today, procurement is the bedrock on which many organisations operate. In an era of comparative advantage, business survival hinges on our cooperation with external parties that streamline … 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