outsourced vendor risk News

Key to Proactive Cyber Security Is Management of Third-Party Vendor Risks

The hack of the MOVEit file transfer platform, developed by Progress Software and used by businesses of all sizes, serves as a reminder of the potential vulnerabilities faced by third party vendors. In this June 2023 hack, attackers exploited a …

Cyberattack on Toyota Supplier Shows How Small Firms Can Pose Big Threat

The cyberattack on a Toyota Motor Corp. supplier that brought the automaker’s domestic production to a halt shows how more vulnerable small firms can pose a big threat that Japan needs to do more to address, cybersecurity specialists said. No …

Hanover Stone Partners to Offer Vendor Risk Management Program for Commercial Entities

Hanover Stone Partners, a risk management services firm, and accounting and advisory firm Baker Tilly Virchow Krause, LLP, have partnered on a vendor risk management services to help businesses and other commercial entities evaluate and manage cyber-risks and other exposures …

Willis Report Highlights Tech/TelCom Firms Cyber Risk Exposures

In a study of public documents, Willis Group Holdings plc said it has “found that technology and telecommunications companies estimated their cyber exposures at higher levels than others in the Fortune 1000, an indication that those firms may be underestimating …