Originally published in the November 2024 edition of Intelligent Risk magazine Cyber risks have gained numerous business executives’ attention as these risks are effectively operational risks due to their potentially devastating operational and financial impacts, and reputational damage to organizations. Among cyber risks, third-party or supply chain risks become one of the most challenging areas as heavy and unavoidable reliance on using third parties such as Cloud and SaaS providers is a reality of today’s IT and security operations. Organizations’ sensitive and proprietary data is transmitted to, processed by, and stored in third parties’ computing environments. However, when third parties […]
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