Outsourcing critical business systems and services is one of the fastest-growing security risks to an organization's sensitive data. A comprehensive risk mitigation strategy is needed to protect your organization from threats associated with vendor and third-party relationships.
According to a Ponemon study, 61 percent of all data breaches in 2019 involved third-party vendors. However, surprisingly few organizations have the in-house resources and expertise to effectively identify and monitor the cyber risks associated with third parties.
It is imperative to have cybersecurity risks appropriately identified, measured, mitigated, monitored and reported, from both a security perspective and a compliance perspective during all stages of every vendor relationship. CyberProtectSM: Vendor Watch from Fiserv helps identify, prioritize and remediate threats posed by outside parties.
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