A company is associated with a lot of outer entities for various requirements. These entities are vendors, suppliers, partners, contractors, or service providers, who have access to internal company or customer data, systems, processes, or other privileged information. The risks these entities pose to your organization’s ecosystem or supply chain are known as third-party risks. The types of third-party risks may vary according to the aspect of your business they affect. Major third-party risks are Cybersecurity, Operational, Compliance, and Reputational risks.
of organizations experienced a third-party data breach in 2016
was the proportion that the number of third-party data breach victims reached by 2018
is the mere proportion of organizations that are prepared to mitigate third-party attacks.
was the growth rate of these types of attacks between 2017 to 2019
When a business is operational, it is involved with several third-party entities for smooth running. Although it is difficult to anticipate the actual risk parameters coming from the third parties. Methods like Application Penetration Testing work to identify the direct risks. But some third-party risks are still left to find out and mitigate.
The following are some major third-party risks for an organization:
Cybersecurity is the answer to all the risks that dwell over your IT infrastructure. Methods like Application Penetration Testing, Software Testing, Network Audits, and Cloud Pen Testing come in handy to tighten the security of your business against cyber-attacks. However, to prevent third-party cyberattacks, you need a bit more. Let’s have a look at certain measures that can help you with it…
RSK Cyber Security is among the best Cyber Security Companies UK. It has a lot of services such as Application Penetration Testing, Security Verification, and Infrastructure Security Audits to help your security posture. Our TPCRM (third-party cyber risk management) relies on the fundamentals of monitoring, optimizing, strengthening, and streamlining. We adopt a holistic approach toward protecting your business from all kinds of cyber risks including the ones coming from third parties.