The increasing reliance on outsourcing and cloud computing means vendors play an ever-growing role in business operations. Therefore, Vendor Risk Management is more essential now than ever before.

ESG frameworks are guidelines, metrics, and criteria that allow companies and investors to develop sustainability reporting standards and evaluate environmental, social, and governance risks. Common ESG frameworks include the Global Reporting Initiative (GRI), Carbon Disclosure Project (CDP), and Task Force on Climate-Related Financial Disclosures (TCFD). Over the last decade, ESG performance has become an important metric to evaluate an organization’s operational sustainability.

When 97% of CIOs all see things the same way, it’s probably a sign to take the risk of cyber threats seriously – a problem new data shows is only going to get worse in the next five years. I cover a ton of reports from cybersecurity vendors on our blog, but when you see a network infrastructure vendor put out a report with intent on just covering the challenges organizations are facing and they have some interesting data on cybersecurity, it got my attention.

In today's financial landscape, businesses are interconnected, and outsourcing and partnerships are necessary—meaning managing risks associated with third-party vendors is pivotal. Whether you're a small community bank or a multinational financial conglomerate, mastering third-party risk management is vital to safeguarding your institution against the vulnerabilities that third parties can introduce.

As your business grows and you work with more third-party vendors, you need to ensure security and stability across your entire vendor supply chain. With hundreds, if not thousands, of external vendors, it can be daunting and time-consuming for teams to compile all the necessary data about each vendor, evaluate the vendor's impact, and take action to ensure compliance with organizational needs.

In the ever-evolving world of cybersecurity, staying ahead of threats is not just a matter of strategy but of survival. Cyber threat intelligence (CTI) has become an invaluable tool in this ongoing battle, helping organizations predict, prepare for, and respond to cyber threats more effectively. As we look to the future, several emerging trends and technological advancements are set to redefine the landscape of CTI.

The role of artificial intelligence (AI) has become increasingly prominent, particularly in the realm of cyber threat hunting. Cyber threats continue to evolve in complexity and sophistication, posing significant challenges to traditional cybersecurity measures. As a result, organizations are turning to AI-driven solutions to enhance their threat detection and response capabilities.

In an era dominated by digital advancements, the legal landscape is not exempt from the pervasive threat of cyberattacks. Law firms, entrusted with sensitive and confidential client information, must prioritize cybersecurity to safeguard both their clients and their own reputation. The consequences of a security breach can be severe, ranging from financial losses to irreparable damage to the firm’s integrity.

The reliance on third-party vendors for diverse services has become a norm in 2023. However, this dependence brings with it the need for a heightened focus on the cybersecurity posture of these external partners. It’s imperative for businesses to meticulously assess the cybersecurity risks and compliance levels of their vendors to safeguard against potential vulnerabilities that could impact their operations.

‍We are thrilled to welcome Bob Lyle to Riscosity as our Chief Revenue Officer. Bob is an accomplished executive with extensive GTM experience in scaling software and security companies. He will be responsible for the planning, development, and global execution of our revenue strategy as we continue to evolve our business.