Crashing the Party: Leverage Threat Intelligence to Mitigate Third-Party Risk
Organizations are experiencing both the positive and negative impacts from digital transformation. Major initiatives such as migration to the cloud, outsourcing of key functions, and global supply chains are increasing your competitiveness. However, at the same time, much of your data and processes now reside and rely on resources outside your security perimeter — beyond your visibility and well outside of your control. You are still responsible for protecting and monitoring your sensitive and proprietary data from cyber threats, from adversaries and malware intent on attacking your business.
These third-party relationships and their vulnerabilities have the potential to reduce and compromise your security system and this additional attack surface is multidimensional, consisting of threats ranging from malware, credential abuse, vulnerabilities, ransomware, data leakage and more.
Consider this alarming data taken from Ponemon Institute’s Data Risk in a Third-Party Ecosystem [1] report: Of the organizations surveyed:
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51% of organizations experienced a data breach caused by a third party
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54% of organizations are not monitoring the security and privacy practices of third parties with whom they share sensitive or confidential information
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59% of respondents say there is no centralized control over third parties