KYC Archives - MODEVITY

Majority of CISOs Report Third-Party Security Incidents with Compliance and Supply Chain Risk Management Implications

October 2, 2025October 2, 2025 by Thomas Canova

Third-party cybersecurity risk is no longer an emerging concern—it is a documented and escalating threat. A recent SecurityScorecard survey revealed that 71% of organizations experienced at least one material third-party cybersecurity incident in the past 12 months, with 5% reporting ten or more such events. Supporting data from the 2025 Verizon Data Breach Investigations Report … Read more

Cybercriminals Continue to Focus on Exploiting Vulnerabilities in the Supply Chain to Gain Backdoor Access to Organizations Systems and Critical Data

September 26, 2024 by Thomas Canova

Cybercriminals and hackers have increasingly exploited vulnerabilities in industry standard IT and security tools, leading to major security incidents. Incidents across multiple market segments highlight how quickly liabilities in widely used management tools can become targets for both state-sponsored groups and ransomware operators, underscoring the importance of safeguarding against supply chain cyberattacks. Certainly, supply chain … Read more

Understanding and Implementing Third-Party Vendor Risk Management

May 23, 2024May 23, 2024 by Thomas Canova

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

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