As reliance grows on third-party vendors so has the risk of regulatory action and reputational damage arising from third-party security or privacy breaches.

Due diligence is now a critical activity in third-party risk management and vendor surveys have long been favored to examine their security posture. However, vendor surveys offer a limited, often static overview. Alan Brill, Senior Managing Director in the Cyber Risk practice of Kroll, a division of Duff & Phelps, was quoted in the Wall Street Journal’s Pro Cybersecurity newsletter discussing the need for organizations to reconsider how they measure and monitor vendors’ security posture. 

The full article is available to WSJ Pro Cybersecurity subscribers here.

 
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