Organisations are increasingly depending on third party vendors to support their business and gain competitive advantage. Without understanding the security risks associated with the third parties your organisation is doing business with, you are leaving your organisation vulnerable to security threats and data breaches through them.
The risk around suppliers is the threat presented to your organisations most sensitive data including customer assets, employee data, financial information, and intellectual property.
The risk of third parties exposing your organisation’s most sensitive data to a potential data breach, has been an area of focus for Regulators with regulatory instruments such as fines being used to compel organisations to undertake careful due diligence and risk management.