It's Time To Rethink Third-Party Risk Assessment
DARKReading, Monday, February 12th, 2024
Continuously evaluating and updating your third-party risk assessment can improve your security posture and ensure your company doesn't have the next headline-making incident.
December marked the third anniversary of one of the industry's most headline-making data breaches, SolarWinds. While the immense cost and recent legal filings from this highly damaging 2020 supply chain attack put a spotlight on the importance of third-party risk assessment, bad actors continued to exploit third-party software.
According to Forrester Research's 2022 security survey, supply chains are the top breach cause. For example, the number of organizations impacted by the MOVEit supply chain hack is close to 3,000 - and that number is growing. It's time to re-examine your current third-party risk assessment program and adopt new best practices to reduce your risk.