Today, the average cost of the fallout from a multi-party data breach is $90 million and it continues to rise. In addition, 59% of data breaches are due to third parties. Organizations must make effective risk-based decisions about their vendors in a constantly evolving and expanding supply chain environment.
As cyber risk factors like ransomware, zero-days, and open-source vulnerabilities continue to evolve, organizations need full visibility into the security posture of vendors in their supply chain to continuously monitor, track, and stop third, fourth, and Nth party threats in their tracks. Effective assessment and management of cyber risk from your vendors improves the efficiencies and betters risk outcomes for your organization and your supply chain vendor management program.
Join experts from Archer and RiskRecon to learn:
• How proliferation of third parties, advanced persistent threats, location-based risk, and assessment fatigue can affect your organization
• What steps you can take now to more effectively manage your supply chain risk
• How Archer Third Party Security Risk Monitoring can help you mitigate supply chain risk