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
Although Artificial Intelligence (AI) has been around for quite a while, the adoption and evolution of AI-related technologies has dramatically improved over the past year. AI can provide organizations with an easier way to manage third-party vendors and supplier risks and ensure compliance in this complex regulatory environment. Third Party Vendors: Opportunities and Challenges Organizations … Read more
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