With the security threat landscape evolving rapidly, cyber professionals face an alarming set of new vulnerabilities, especially in third-party security. The changing business and technology landscape is placing added pressure on third-party programs.
Industry trends driving increased exposure to third-party security risk:
- Proliferation of business partners/suppliers across all organizational functions
- Greater reliance on specialized third-party services and products
- Extreme digitization throughout the supply chain and the increasing attack surface
- Aggressive investments by adversaries in developing highly sophisticated tools and techniques
- Rapid pace of change within partners/suppliers exacerbating the latency challenge of point-in-time assessments
- Deep focus by regulators and punitive enforcement action for noncompliance
- Pressure from executive leadership to demonstrate a return on security investment
