Improving AppSec With Application Security Posture Management

In today’s interconnected technology ecosystem, companies increasingly rely on third-party vendors to meet their operational needs. However, the current state of vendor risk management (VRM) is bleak. More than half of all information security breaches are caused by third-party vendors, and according to Deloitte, 83% of today’s business leaders lack confidence in third-party VRM processes. Understanding and managing cyber risk posed by vendors, suppliers, and third parties has proven to be a difficult task. The right mix of people, processes, and technology result in the most effective and comprehensive program.

While the GDPR and Schrems II mandates accelerated the need for external key management solutions in Europe, it is clear that these needs are expanding to become global requirements. Other countries and even states are jumping into the fray with clear specifications for safeguarding Personally Identifiable Information (PII). For example, Schrems-II doesn’t allow keys that provide access to the encrypted data, to be hosted outside of the European Economic Area (EEA). Privacy and compliance are calling the shots on the data protection lifecycle.

Cybercriminals are always on the lookout for opportunities to profit from security weaknesses. Meanwhile, the COVID pandemic lead accelerated cloud transformation has rendered many of the assumptions of legacy security approaches obsolete. Enterprises are realizing that modern cyber-attacks won’t be stopped by a purely preventive strategy. In fact, it’s almost a given that with sufficient time, motivation, and resources an attacker will always find a point of entry.

This second of TOC Digital’s ‘Accelerating Digitalization’ webinar series in association with maritime street, took place on 15th July 2020. Providing insights from an expert panel including Gadi Bensmonshe, CIO of Israel Port Company, Dr. Carmit Yadin, CEO & Co-Founder of Arcusteam, Roi Mit, Chief Marketing Officer of Regulus Cyber and Pascal Ollivier, President of maritime street, viewers learned the various implications to consider when formulating a comprehensive strategy to reduce immediate cyber threats, and what the overall picture looked like for the wider industry.