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Supply Wisdom Granted Patent for Real-time & Continuous Risk Monitoring Solution

Patent covers Supply Wisdom’s proprietary technology & methodology for quantifying risk associated with Third Parties & geographic locations.   Supply Wisdom, the leader in real-time and continuous risk intelligence, announced today that the US Patent and Trademark Office has issued Patent No. 10,643,165B2 for its risk monitoring solution. The patent covers the technology and methodology used to…

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POS Cybersecurity Under The Spotlight: BitSight Research Reveals Vulnerabilities in Point of Sales Systems

Study puts POS cybersecurity under the spotlight When people talk about cybersecurity risks, the first area that normally comes to mind is malware. Some might even consider that it’s the worst event that can happen, as it normally indicates that a malicious actor has already bypassed the layers of security and now has free-reign to…

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Third Party Financial Health A Leading Indicator for All Areas of Risk – Output from Shared Assessments’ Working Groups

Complexity and uncertainty in the supply chain have increased exponentially in recent months leading to higher risk related to all aspects of third parties and supply chains. With the economic downturn expected to continue due to the destabilising impacts of COVID-19, members of the Shared Assessments’ Vertical Strategy Groups and Continuous Monitoring Working Groups collaborated…

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Globalisation & Third Party Risk Oversight: Is Location Risk Monitoring on your Radar?

Globalisation has enabled, and in many cases demanded enterprises, both large and small, to generate value through a globally distributed third party network. Manufacturing in China, IT from India, outsourcing to the Philippines, and near-shoring with Mexico are results of a willingness to source globally and extract value and realise the benefits and unique advantages…

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Understanding a Vendor’s Cybersecurity Risk – BitSight Guest Blog

Did you know that, according to an Opus and Ponemon Institute study, 59% of companies have experienced a data breach caused by one of their vendors or third parties? During these uncertain times, when many industries are shifting to an increasingly remote workforce, organisations may feel pressure to accommodate new business requirements by onboarding new…

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Optimise Your Vendor Onboarding Process With Security Ratings

Third parties can play an essential role in your ability to grow your business and remain competitive. That is why, according to Gartner, 60% of organizations now are working with more than 1,000 third-parties, including partners, sub-contractors, and suppliers. Of course, if you’re not careful, these trusted partnerships may introduce unwanted cyber risk into your…

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Key learnings and takeaways from the Supply Wisdom COVID 19 – Conversation with TPRM Leaders webinar

Following the recent Supply Wisdom “COVID 19 – Conversation with TPRM Leaders” webinar we take a quick look at what we learnt about the current state of Third Party Risk and what can be done to improve business continuity and resiliency across the extended enterprise.   1. What problems have leaders experienced thus far? Deterioration…

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Charting Your Course in Data Privacy: Implications for Third Party Risk Management Programs

Regulations like the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR) have triggered a convergence of third party risk management and data privacy.   The complexity of navigating the nuances of each regulation and the operational challenges for third party relationships has generated considerable dialog within the Shared Assessments Program Privacy…

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Vendor Onboarding 101: Balancing Security and Speed

In today’s ever-evolving, competitive business climate, organisations are partnering with more and more vendors to ensure they’re as agile, flexible, and efficient as possible. Now, at a time when as much as 75% of the workforce is shifting to remote work in some industries, this is more true than ever — with organisations seeking to…

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Secure Remote Working with latest DVV Solutions & BitSight Cyber Risk Managed Service

DVV Solutions, experts in Third Party Risk Managed Services and Consultancy, have launched a new “Secure Remote Working” continuous monitoring service, supporting the surge in demand for teleworking in the wake of the COVID-19 outbreak.   While necessary, the radical pivot to remote work on such a large scale presents entirely new challenges for security…

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