Businesses operating within the EU must prepare to comply with the stringent requirements of NIS2. Failure to do so could result in significant penalties, highlighting the urgency for organisations to act swiftly. NIS2 introduces new requirements in areas such as risk management, corporate accountability, reporting obligations, and business continuity.

In today's connected world, there's no shortage of entry points into financial institutions. From online banking websites to mobile apps, these crucial parts of a business are also easy targets. Taking a proactive approach to protect your customers' assets and your brand is the answer, but where do you start?

Your business is your castle. Once upon a time, you could keep it safe by constructing strong walls, posting a few guards at the door, raising the drawbridge, and digging a deep moat around it. That's now the stuff of fairy tales. Today's networks simply can't be locked down due to the nature of business itself. The perimeter that was once contained to a single building now spreads as far as your furthest third-party connection or remote employee. And while your business benefits from this greater flexibility and increased operational efficiency, so do the cybercriminals.

When it comes to designing or improving upon your organization's security program, one key area to focus on and include is cyber resilience. Either as a complementary stand-alone program or embedded into an existing cyber defense program, cyber resilience refers to a company's ability to continue business operations and outcomes in spite of cyber attacks or events.

In the past few years, third-party cyber attacks have imparted financial and reputational damage to every sector, from banks to healthcare systems to governments. The average cost of a third-party data breach in 2021 was $4.33 million, according to a report from IBM and the Ponemon Institute. While CISOs are well aware of the potential supply chain devastation from attacks, preventing them has been a challenge. In this white paper, we'll walk through three third-party breach scenarios, including real-world examples, offering practical solutions to prevent such attacks.