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5 Best Practices for Better Third-party Risk Management | |
The global supply chain has witnessed turbulent times, ranging from the Suez Canal blockage, the Covid-19 pandemic and the Russia-Ukraine war, all resulting in massive disruptions and creating an adverse impact on global commerce. But supply chain risks aren’t just limited to the physical world. The increased reliance on third-party technology, applications, products and services are exposing organizations to an unprecedented number of cyber risks. A cyberattack or a data breach in a partner organization can lead to major disruptions, loss of sensitive information (credit card numbers, trade secrets, customer data, etc.), financial losses, legal entanglements, loss of customer trust, business reputation and more. Another harsh reality is that third-parties often have weaker security controls than the organizations they provide services to. As a result, attacks on the supply chain have jumped over 300% in 2021, in comparison to 2020. Cybercriminals are keen to leverage the supply chain to steal credentials (e.g., Target), hijack sensitive files and data (e.g., Accellion) inject malicious code in software (Magecart), compromise software updates (SolarWinds) and take control of systems remotely (Log4j). In fact 54% of organizations have been breached via third-parties in the past 12 months. For more details please visit our website - https://www.grcviewpoint.com/5-best-practices-for-better-third-party-risk-management/  | |
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| Target State: All States Target City : New work city Last Update : Nov 18, 2025 4:19 AM Number of Views: 9 | Item Owner : grcviewpoint Contact Email: (None) Contact Phone: (None) |
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2025-11-18 (0.597 sec)