Compliance
Ebook
From Trust to Security: Third-party Risk Management Strategies and Challenges
54% of survey respondents have experienced a third-party attack or breach. Regular assessments of third-party security policies and practices remain a major concern.
Two-thirds of respondents are contracted with up to 100 third parties. The inability to control how data is handled by outside partners continues to be a glaring weakness.
At least one in four respondents indicated customer service disruptions, network outages, business disruptions/shutdowns, and damaged reputation were the direct result of third-party partner attacks or breaches.
What's inside
Running an enterprise IT operation in the 21st century requires effective management of third-party operators. Third-party partners maintain their own policies and vulnerabilities, which can open the door to disaster.
This survey report highlights the critical importance of managing third-party risk in today’s enterprise IT landscape. Effective data security is not solely an internal matter; it extends to the policies and practices of third-party partners. Enterprises must prioritize gaining clear visibility into how their data is accessed and handled by these partners. Get your free copy to gain valuable insights, such as:
Network defenders lack clear and cohesive insight. Organizations have become spread to the point where maintaining a clear inventory of third-party partners ranges from difficult to impossible in most cases.
Third parties remain a primary risk for data breaches. The overwhelming majority of data breach incidents came from third-party sources such as partners and service providers. The inability to control how data is handled by outside partners continues to be a glaring weakness.
Verification and trust continue to be challenging. Nearly half of those surveyed say that their organization does not conduct in-depth risk assessments of their partner organizations.
Investment in third-party security is being overlooked. Just 13% of those surveyed say that their organization is making a significant investment in third-party security, and more than 40% say little to no budget is being allocated to the field.
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