Outsourcing, digitization, and globalization have led to new products and services, increased specialization, lower costs, and better access for customers and organizations alike. They've also introduced significant cyber risk, particularly the risk of unintended data exposure in the form of a data breach or data leak. In fact, a recent study by the Ponemon Institute and IBM put the average cost of a data breach at $3.92 million.

Outsourcing, digitization, and globalization have created new products and services, increased specialization, lowered costs, and improved access for customers and organizations alike. The downside is they've introduced cyber risk. Particularly the risk of data breaches and data leaks. In fact, a recent study by the Ponemon Institute and IBM put the average cost of a data breach at $3.92 million.

Due to increased outsourcing, digitization, and globalization, vendor risk management has become a top concern for CISOs and senior management around the world. These three forces have led to better products and services for consumers while giving organizations the ability to focus on core competencies while reducing costs and accessing new, global markets. That's the good news, the bad news is these same forces introduce significant cyber risk, particularly data breaches and data leaks.

Outsourcing, digitization, and globalization have made vendor risk management a top priority for CISOs and senior management alike. These forces have led to innovative products and services, increased specialization, lower costs, and increased access for customers and organizations alike. However, they've also introduced significant cyber risk, particularly the risk of unintended data exposure in the form of a data breach or data leak.

Robust vendor risk management practices has never been more important. It is increasingly one of the top concerns of CISOs around the world. This is because outsourcing, digitization, and globalization have changed the way we do business over the last few decades. These forces have led to innovation in products and services, the ability to focus on core competencies, reduced costs, and new global markets.

While over 70 percent of global employees work remotely at least once per week and full-time remote workers are increasingly common, there are still aren't a lot of resources that help address the cybersecurity risk introduced by remote work. In the past, workplaces that weren't set up to work remotely, simply didn't.

There are a lot of security ratings providers now, and choosing the right one can be overwhelming. That's why we wrote this post to make it as easy as possible to help you compare RiskRecon and UpGuard. Regardless of whether you're a CISO, Vice President of Security or an individual contributor, it's safe to say you understand how important cybersecurity risk management is.

There are a lot of security ratings platforms out there, and choosing the right one can be overwhelming. We've written the post to make it as easy as possible for you to compare BitSight and UpGuard. Regardless of whether you're a CISO, Vice President of Security or an individual contributor, it's safe to say you understand the importance of cybersecurity risk management.

Chances are you understand the impact of poor risk management, particularly third-party risk management and vendor risk management, on your organization's reputation. Technology has increased the speed and scale of commerce and communication, and in turn, has increased your organization's exposure to cybersecurity risk, particularly cyber threats that lead to data breaches and cyber attacks.

Whether you're a CISO, Vice President or individual contributor, you understand that information technology has changed how we do business, for better and for worse. Technology has brought speed, scale, and better customer experience to all aspects of commerce and communication, but it has also increased cybersecurity risk, particularly data breaches, cyber attacks, and other cyber threats.