Are you aware of the cybersecurity controls your third parties have in place? Do you have a system that will flag up when those third parties are putting your organisation at risk? Have you ever implemented a program with the aim of mitigating risks before they impact your bottom line?
If you never thought about any of the points above, you should. But why? In 2021 alone, there was a 62% global attack spike in ransomware, and it was made clear that the cyber threats are becoming not just more common but also more sophisticated. What is more, these threats are leading to new regulatory requirements as well as critical changes to common industry standards and frameworks.
In this panel discussion led by Nikki Stoy, Third-Party Risk Consultant, we address critical points such as:
- Which are now considered the major cybersecurity threats against third parties.
- How to define the metrics to track in relation to third parties and their cybersecurity risks.
- How companies can future-proof their TPRM program to defend against future cybersecurity threats.