Global report: Third-party cyber risk for financial services: Blind spots, emerging issues and best practices

Global report: Third-party cyber risk for financial services: Blind spots, emerging issues and best practices

A global survey with risk professionals from across the industry, the results have been collated and analysed to form an in-depth report.

Survey & Report Objective:

 Assessing and managing cyber risk of third parties and vendors has never been more critical. Breaches and security incidents affecting third party vendors continue to dominate the news, leading global regulators to adopt new requirements and closely examine third party cybersecurity programs. With added risk and oversight, boards and senior executives are focusing their time and effort ensuring that they have the right governance, technology, and program framework in place. How have companies responded to these challenges? What are their future priorities and initiatives?

The objective of this report is to provide an insight into the emerging best practices in managing third party cyber risk, with a focus on:

  • Tools, technologies, and approaches
  • Budget and decision-making
  • Executive oversight
  • Future direction

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