Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more.
Insights blog.
Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more.
Slicing through CISA’s KEV Catalog
Slicing through CISA’s KEV Catalog
Dive into the critical insights of CISA's Known Exploited Vulnerabilities (KEV) Catalog with Bitsight’s latest blog! Discover how KEVs, which signal urgent cybersecurity risks, are being tracked and mitigated across industries. Learn why addressing these vulnerabilities quickly is vital and how it impacts organizational security.
According to the 2022 Verizon Data Breach Investigations Report, 62% of system intrusions came through an organization’s partner. Read our blog to learn how to assess your vendors to effectively reduce breach risk.
While all areas of risk management involve blind spots, supply chain risk management might be the murkiest. To be effective in this field, risk professionals must account for risks from a wide variety of sources, from bad password management to geopolitical upheaval. Supply chain risks can be difficult to detect, unpredictable, and fast-moving.
A vendor security audit can reduce third-party risk. Learn how you can mature your assessment process while saving time and resources.
Disrupting the flow of goods and services is a keen priority for threat actors and critical infrastructure has long been a favored target. In 2021, the Colonial Pipeline ransomware attack caused a devastating impact to the economy when Russia-based hackers halted fuel movement along the critical U.S. Gulf and East Coast pipeline.
But this and other attacks may only be the beginning of an alarming ransomware trend aimed at U.S. critical infrastructure. Ransomware-as-a-service tools make ransomware easy to execute, making it the dominant cyber threat to enterprises in 2022. Indeed, the FBI recently warned that hackers have already developed ransomware code designed to disrupt critical infrastructure or industrial processes.
But this and other attacks may only be the beginning of an alarming ransomware trend aimed at U.S. critical infrastructure. Ransomware-as-a-service tools make ransomware easy to execute, making it the dominant cyber threat to enterprises in 2022. Indeed, the FBI recently warned that hackers have already developed ransomware code designed to disrupt critical infrastructure or industrial processes.
Make your vendor lifecycle more efficient and less fraught with cyber risk with these three tips for supply chain risk management.
Learn how to protect your organization’s “crown jewels” with these do’s and don’ts of sensitive data sharing with vendors.
What does your organization consider an acceptable level of inherent cyber risk in its vendor portfolio? Learn how to establish that threshold and focus resources where they’re needed most.
Five of the most critical vendor evaluation tools that you should have in your cybersecurity risk management toolkit.
The last two years have introduced new challenges to organizations across the globe -- from managing business operations through an ongoing pandemic; to a rapid-fire pivot to a digital mode of work; to an increase in cyber attacks targeting businesses directly, and through their supply chains.
Organizations rely on third-parties to keep competitive in the marketplace. The EY global third-party risk management survey highlights that in 2019–20, over 33% of the 246 global companies surveyed were managing and monitoring third-party risk for over a 1000 vendors. As more vendors are onboarded into company networks, managing cybersecurity threats becomes a greater challenge, but a necessity.
Third parties are essential to helping your business grow and stay competitive. But if you’re not careful, your trusted partnerships can introduce unwanted cyber risk and overhead into your organization.
If you’re using a “one-size fits all” approach to managing your vendor lifecycle, you are missing opportunities to save money and operate more efficiently. Vendor management efficiencies don’t end in the onboarding stage: using a continuous vendor monitoring approach will help you better manage your third parties you worked so hard to onboard.
If you’re experiencing frustrating delays and procedural roadblocks during your vendor management process, you’re not alone. Security managers are seeing an increase in the number of third-parties integrating with their business, and Gartner reports that “60% of organizations are now working with more than 1,000 third parties”.
During this dynamic and stressful workplace environment 2020 has brought us, finding the most efficient ways to perform in your job has never been more important. When it comes to managing your vendor lifecycle, there are three ways you can implement more efficient processes to save time and money for your business.
There are layers of uncertainty plaguing security professionals when it comes to the time, money, and energy they spend focusing on their third-party risk management systems. Without the proper tools and analysis, it is hard to know if your program is effective.