Companies need to be more proactive and take steps to reduce their cybersecurity risks, as well as establish procedures should a breach occur.
Understand the Supply Chain Is a Risk as Well
Third parties of any sort — including any and all software providers, business associates, contractors and subcontractors — may expose you to cyber risk that could be potentially harmful or even catastrophic for your organization. But you can put a number of controls in place to help soften the potential fallout such as:
- Identify all critical third parties
- Assess the risk of each critical vendor
- Write detailed security expectations into each vendor contract
- Continuously monitor third parties