Third-party Risk Cybersecurity

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6 Questions

What is one of the challenges associated with third-party involvement in cybersecurity?

Difficulty in controlling cybersecurity measures

Why is information sharing with third parties important in cybersecurity?

To mitigate cybersecurity risks

What is a common reason for enterprises to outsource functions?

To focus on core competencies and cost-cutting

Why can outsourced/offshored functions end up costing more?

Significant re-work often required

From an information security point of view, what risk can outsourced arrangements present?

Risk that may be difficult to quantify and mitigate

Why might providers operating on different standards be difficult for enterprises to manage?

Difficulties in controlling the providers

Understand the challenges and implications of third-party involvement in cybersecurity, including supply chain vendors and information sharing. Learn about the complexities of managing cybersecurity when different entities have varying security cultures and risk tolerances.

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