Can TPRM programs integrate with my existing cybersecurity framework? These are just some of the questions troubling stakeholders at the precipice of a TPRM program implementation. While left answered, these questions cause delays in the onboarding of an initiative that could prevent a catastrophic third-party breach. Whether you’re considering implementing a TPRM program, or not sure how to even begin the implementation process, this article will be your guiding light.
The NY CRR 500 legislation was instituted by the New York Department of Financial Services (NYDFS) in 2017 in response to the rising trend of cyberattacks in the finance industry. Sometimes regarded as the GDPR for financial services, the NY CRR 500 has a very high standard for sensitive data protection, requiring protection strategies for ensuring the confidentiality, integrity, and security of information systems and nonpublic information (including customer data).
While cybersecurity might be under the umbrella of IT, make no mistake: a breach will impact the entire business, making it the entire organization’s responsibility to be able to understand and take action on risk. This means that your organization needs to have a holistic view of risk that can enable the risk intelligence required to not only have technical discussions, but business conversations about cyber risk.
Earlier this month, the United Nations (U.N.) released its latest Global Assessment Report on Disaster Risk Reduction (GAR2022). For those of us who assess risk for a living, it is a sobering read.
Running penetration tests of a mature web application is always a great challenge. Systems are usually well hardened, and scanners fall short of flagging anything interesting, requiring an experienced security engineer to identify vulnerabilities using advanced exploitation methods. On the other side, some applications are going for their first release ever or release after a major code change.
The supply chain for organizations has become increasingly susceptible to unplanned cybersecurity interruptions that negatively impact revenue, inventory, and consumer confidence. As a result, there has been an increasing focus on understanding how critical services are delivered, the reliance on third parties and fourth parties, and key risk controls that can be implemented to mitigate the risk of cyber security incidents.