Why Vendor Security Risk Management Belongs on the Boardroom Agenda
Even as third-party data breach activity continues to grow, the importance of third-party data security in board-level risk management strategy is not growing to match the need. In November 2018, the Ponemon Institute reported that among U.S. firms surveyed, 61 percent experienced a breach caused by third parties, which is up from the previous year at 56 percent. However, only 46 percent of firms surveyed say managing relationship risk is a priority.
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