The secret is out: If you want to attain protected data as a hacker, you do not attack a big company or organization that likely has good security. You go after a third party that more likely does not. Companies have created the equivalent of how to deter car thieves: Ensure that your car looks difficult enough to break into so that thieves move onto the automobile with its doors unlocked and keys in the ignition. When a burglar sees a car with a car alarm, they know that they can look and eventually find a target that isn't so well protected. Exploiting the weakest link is not new. A bank robber could go to the bank to steal money, but a softer target would likely be the courier service as they bring the money into and out of the bank.

Learn what the risk is and how to assess the cyber risk
Step-by-step guide on how to create a cyber-risk third-party risk management program without having to be a cyber or risk management expert
Create a mature cyber-focused third-party risk management program that is predictive and less reactive
Learn how to secure your data in a vendor's cloud and how to secure your software supply chain.

About the Author

GREGORY C. RASNER is the lead of Cyber Third-Party Risk at Truist Financial Corporation. He has extensive experience in cybersecurity and technology leadership in banking, biotech, software, telecom, and manufacturing. He is the author of several published articles on Third Party Risk and is a sought-after keynote speaker in this area.

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