Information security and third-party management are two of this year’s hottest topics.
Following the number of cyber breaches reported in 2016, most companies are working to secure their own networks and data against these ever-evolving threats. But preventing the theft of sensitive information from third-party systems and personnel adds a new layer of complexity that must be addressed.
Despite advances in technology and growing regulatory focus, the number of cyber-attacks involving access through third parties has grown dramatically. This isn’t surprising given that more than 80% of companies outsource some aspects of their business operations to third parties. As a result, third parties have a direct impact on a company’s reputation.
This OCEG illustration, sponsored by LogicManager, defines key steps in the process and identifies what the future holds for third party information security management.