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Your company's cybersecurity is only as good as your business partners' and vendors' is — and that's not good enough, given a recent Forrester Research survey that attributed 17% of confirmed data breaches in 2017 to third-party incidents.
In fact, the Online Trust Alliance (OTA) blames most third-party security incidents on vendor failure to follow basic security practices like having a proper patching program, using strong encryption, blocking malicious email, and conducting security awareness training. If everyone followed the fundamentals, the OTA believes 93% of breaches could be prevented.
Until the business world broadly adopts automated risk assessments and third-party risk management exchanges, though, it's every individual company's responsibility to assess their vendors' cybersecurity risk. We can do that for you — or manage your relationships with vendors we already trust. Contact us to learn more.