A recent cybersecurity breach at the US Department of the Treasury, attributed to a Chinese state-backed actor, has raised serious concerns about supply chain security risks. This incident, which was traced back to vulnerabilities in a third-party remote tech support service, underscores the vulnerabilities of technology supply chains and the growing threat they pose to … Read more
Effective Vendor Risk Management (VRM) is crucial for mitigating risks and protecting your business’s reputation. This involves identifying potential third-party vendors, conducting thorough assessments, and continuously monitoring their performance. What is Vendor Risk Management? Vendor risk management is an ongoing process of due diligence carried out before and after engaging with third-party suppliers. It aims … Read more
In today’s interconnected and technology-driven business ecosystem, cybersecurity is a paramount concern. As organizations continue to digitize their operations and data, the risk of cyberattacks looms large. While many businesses invest heavily in cybersecurity measures, a significant challenge persists—board members frequently struggle to understand cybersecurity risks. This knowledge gap poses a serious threat to businesses, … Read more
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