“It's not a matter of just mitigating and minimizing risk. The job of risk management is to optimize the risk-return profile of the organization. And I've seen that evolution every other risk and right now I think cyber is challenged to be able to go through those (three) steps.”
Thank you to James and our other panelists for an extremely insightful conversation!
Today, 59% of data breaches originate with third-party vendors. And, as globalization brings more interconnected supply chains, that number is anticipated to grow.
Third-party vendors are an essential part of today’s business ecosystem. A study by Gartner finds that, in 2019, 60% of organizations work with more than 1,000 third parties and those networks are only expected to grow.