Many recent high-profile breaches have underscored two important cybersecurity lessons: the need for increased scrutiny in evaluating access and controls of partners handling valuable customer data, and the imperativeness of assessing a third party’s (hopefully multi-layered) approach to cyber resilience.
Given the average number of tech tools, platforms and partnerships today, having a clear and consistent partner evaluation process is critical for the protection of customer data and in limiting overall risk of exposure to cyber attacks. It is not an area where a business can “cut corners” to save time or dollars if the partnership cost seems too good to pass up – the long-term risk is simply not worth the short-term gain.
Recently, the Cybersecurity and Infrastructure Security Agency (CISA) included security ratings or scorings as part of its businesses evaluate partner cyber resilience security
