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How to Manage Third-Party Risk

Engaging with third-party vendors for the provision of goods and services isn't new. The level of digital transformation, paired with the number of third-party relationships and business partners the average organization has is. Third-party risk management programs need to evolve the manage this ever evolving type of risk exposure. Enterprise-wide organizations rely on third and fourth-party vendors. And many of them have access to sensitive data.

Why is Third-Party Risk Management Important?

Globalization and increasing regulatory pressure means more organizations need to examine their third-party vendors, service providers and supply chain in order to assess the level of risk, inform decisions and comply with laws. Failure to adequately assess third-party and fourth-party risk exposes organizations to reputational risk, operational risk, cyber risk, government inquiry, monetary penalties and criminal liability, Ignorance is no longer a valid defense.

What is the Florida Information Protection Act (FIPA)? Compliance Tips

The Florida Information Protection Act of 2014 (FIPA) came into effect July 1, 2014, expanding Florida's existing data breach notification statute requirements for covered entities that acquire, use, store or maintain Floridian's personal information. FIPA modified Florida's existing data breach notification law and applies to commercial and government entities.

What Is Email Security? And What Are Best Practices?

Email security refers to various cybersecurity measures to secure the access and content of an email account or service. Proper email security can protect sensitive information in email communications, prevent phishing attacks, spear phishing and email spoofing and protect against unauthorized access, loss or compromise of one or more email addresses.

Why is Vendor Risk Management Important?

Engaging third-party vendors for the provision of goods and services is not a new concept, so why has vendor risk management become so important? Vendor risk management is important because managing vendor risk is foundational to cybersecurity, ensuring business continuity and maintaining regulatory compliance. A robust vendor risk management (VRM) program can help organizations under their vendor risk profile and mitigate third-party and fourth-party risk rather than relying on incident response.

What is NIST SP 800-171? Tips for NIST SP 800-171 Compliance

NIST Special Publication 800-171, Protecting Controlled Unclassified Information in Nonfederal Systems and Organizations (NIST SP 800-171 or NIST 800-171), provides federal agencies with a set of guidelines designed to ensure that Controlled Unclassified Information (CUI) remains confidential and unchanged in nonfederal systems and organizations.

What is Cybersecurity Performance Management?

Cybersecurity performance management is the process of evaluating your cybersecurity program's maturity based on top-level risks and the associated level of investment (people, processes and technology) needed to improve your security security to meet regulatory requirements and business outcomes. Security metrics improve decision making by helping risk management and security teams take a risk-based, outcome-driven approach to assessing and managing their organization's cybersecurity capabilities.