Our founder and CEO recently sat down with Innovation in Compliance Podcast host, Tom Fox. Listen above as they explore how third-party risk management works in the new hybrid work era. Find out what compliance professionals should be focusing on in the coming months and years. If you want to hear more insights Ishan discussed on the show, tune into the video above.
Financial institutions have come a long way since the days when a simple bank vault was enough to protect your most valuable assets. These days, banks face risks ranging from the climate crisis to COVID-19 to financial crime to cybercrime. Worse, many of these challenges are heightened by the fact that banks need third-party partners to operate successfully. And that means the relationship between risk management and financial institutions has evolved with the times. Here’s a
A major vulnerability is impacting software companies creating a supply chain nightmare for companies - Cybersecurity researchers warn over attackers scanning for vulnerable systems to steal user credentials and install malware Log4j logging framework has software companies across the globe are scrambling to patch a vulnerability that could impact and expose data across large and small software companies. Similar to SolarWinds, third-party networks can be impacted exposing s
As a law firm, you’re quite familiar with the art of managing risk in your clients’ cases. But as a business, you also need to manage risk in your own organization. After all, a breach at a law firm does more than just breach a client’s privacy. A law firm breach can violate a client’s legal and civil rights. That’s a lawsuit waiting to happen and the death knell of a law firm. Here’s a look at why cybersecurity risk management in law firms is critical to your success, and so
Did you know that 74% of companies don’t know all the third-party vendors who handle their personally identifiable information and data? Or that 66% of security professionals think it’s highly possible they suffered a security breach through their third-party vendors without realizing it? Those are scary numbers. But for your customers, they’re even scarier–and unless you change them, you run the risk of losing your customer base. It’s time to invest in better security–and be
Did you know that only 39% of companies assess more than three-quarters of their vendors, even though 66% of companies say they should be? Worse, 74% of companies do not know all the third-party vendors accessing their data. Hint: it’s a lot more than you think. On average, 89 vendors access a company’s network every single week, touching 4.6 devices on average (including firewalls, directories, and VPNs, to name a few). Third-party vendors are a reality of today’s business w