One of the most frustrating challenges of vendor risk management is chasing outstanding security questionnaires. But with some clever operational strategies, you’ll never need to worry about delayed risk assessments impacting your SLAs again. To learn how to encourage your vendors to complete their risk assessments faster, read on.
The General Data Protection Regulation (GDPR) is one of the world’s most popular regulations. Though the European Union designed the GDPR to protect European citizens, its compliance transcends European borders, impacting most businesses collecting personal data via their websites - because you can’t control whether a European citizen accesses your website. Third-party vendors often require access to sensitive personal data to deliver their services.
Phishing attacks make up over 90% of all data breaches (according to Cisco's 2021 Cybersecurity Threat Trends Report), far outnumbering malware and ransomware attacks, affecting millions of users yearly. The main issue with phishing attacks is that users and organizations are poorly trained to identify them. Even with the latest security protocols and software in place, it's impossible to fully protect against cyber threats without proper security awareness training.
Multi-factor authentication (MFA) is an authentication method that requires at least two forms of verification of the user’s identity to gain access to an account, application, or data set. Instead of needing just a username and password to log in, MFA adds additional layers of security by requiring users to verify their identity. Each additional verification method can prevent unauthorized access from cybercriminals or hackers from executing a successful cyber attack.
Data leak detection software identifies an organization's data leaks – the accidental public exposure of sensitive data due to software misconfigurations and poor network security. Data leaks quickly become data breaches when cybercriminals identify and exploit this exposed data. The following scenario demonstrates the progression of a cyberattack facilitated by a data leak attack vector.
A cybersecurity Incident Response Plan (CSIRP) is the guiding light that grounds you during the emotional hurricane that follows a cyberattack. A CSIRP helps security teams minimize the impact of active cyber threats and outline mitigation strategies to prevent the same types of incidents from happening again. But as the complexity of cyberattacks increases, so too should the strategies that prevent them.
Can TPRM programs integrate with my existing cybersecurity framework? These are just some of the questions troubling stakeholders at the precipice of a TPRM program implementation. While left answered, these questions cause delays in the onboarding of an initiative that could prevent a catastrophic third-party breach. Whether you’re considering implementing a TPRM program, or not sure how to even begin the implementation process, this article will be your guiding light.
The NY CRR 500 legislation was instituted by the New York Department of Financial Services (NYDFS) in 2017 in response to the rising trend of cyberattacks in the finance industry. Sometimes regarded as the GDPR for financial services, the NY CRR 500 has a very high standard for sensitive data protection, requiring protection strategies for ensuring the confidentiality, integrity, and security of information systems and nonpublic information (including customer data).
Because virtually all vendor risk management processes depend upon the third-party risk standards stipulated in a risk appetite statement, it’s almost impossible to secure your third-party attack surface without a risk appetite statement.
Two-factor authentication (2FA) is a type of multi-factor authentication (MFA) used to verify users’ identities and provide an additional layer of account security. Users must enter two factors before they are allowed access to their online accounts to ensure they are who they claim to be. 2FA offers a greater level of security than single-factor authentication (SFA), which only relies on one factor, such as a password or passcode.
