One of the key reasons SecurityScorecard commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) Study was to help the market move on from using spreadsheets as a Vendor Risk Management (VRM) tool. The primary reason for IT teams to look at SecurityScorecard or any other VRM automation platform is simple. IT (Information Technology) will help IT teams get better leverage on their two rarest commodities in the security world, time and talent.

Cybersecurity is more than “just” technology these days. With legislative bodies increasingly writing more laws, technology and legal terminologies have become more intertwined than ever before. As organizations build cyber risk strategies, they need to understand risk mitigation’s underlying goal. This is why understanding the difference between due care and due diligence is important to how you set your risk mitigation strategies.

The old saying “it takes a village” applies to many things in life, including securing your organization. Security is a team sport that requires a variety of solutions and providers — such as a firewall, endpoint protection, security information and event management (SIEM), threat intelligence provider, IT service management (ITSM), governance, risk, and compliance solution (GRC), and cloud access security broker (CASB) — to name a few.

Cybersecurity can seem intimidating, especially when you’re not already familiar with security and IT. There are so many threats and a lot of terms you need to know in order to understand the countermeasures that can help keep your data safe from attackers. What is an attack surface, after all? And what’s a rootkit? Non-technical employees and decision-makers might find their eyes glazing over when cybersecurity terms start getting thrown around.

SecurityScorecard also found that 1 in 5 of the world’s food processing, production, and distribution companies rated have a known vulnerability in their exposed Internet assets