Supply Chain Risk is more pertinent now that digital transformation initiatives are the norm. In a recent Ponemon study, 82% of respondents believe their organization experienced at least one data breach due to digital transformation. At the same time, 55% said with certainty that at least one of the three breaches was caused by a third party. Reporting on SCRM and gaining visibility into the cyber risk across third parties is critical to the security of both small and large organizations, especially in the digital age we live in.
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Increased cybersecurity mandates coming for state and local governments
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The past year’s COVID-19 pandemic marked an unparalleled turning point that has completely changed the world as we know it. When businesses and organizations from many industries rushed to establish business continuity from home, hackers took full advantage of the remote work conditions that provided easy targets in unsecure environments. Although people are returning to the office and getting “back to normal,” the idea of evaluating the organization’s cybersecurity posture is becoming more prevalent.