InfoSec
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.
Loading form...
Related resources
Compliance
Navigate new regulatory waters with the EU AI Act
Compliance
Unlock cybersecurity resilience with DORA and NIS2
InfoSec
A 3-step guide to cyber risk quantification
Compliance
Navigate new regulatory waters with the EU AI Act
Compliance
Unlock cybersecurity resilience with DORA and NIS2
Discover why industry leaders choose AuditBoard
SCHEDULE A DEMO
