CyberNews Briefs

Current and emerging third-party cyber risk management approaches and challenges

A new joint study by BitSight and Center for Financial Professionals (CeFPro) looks at how organizations are dealing with third-party cyber risks. According to the report, virtually all organizations (97%) are very concerned about third-party risks, while almost 80% consider poor cybersecurity practices by a vendor to be a dealbreaker.

However, most firms (56%) do not adequately measure and report third-party risks, with only 22% of firms making use of security ratings services to continuously monitor these risks.

Read more: Current and emerging third-party cyber risk management approaches and challenges

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.