Security Vulnerabilities Don’t Equal Security Risk – So How Do You Prioritize?

Posted by Kelly White on May 31, 2018 1:53:50 PM

 

By Kelly White | May 31, 2018 

While security vulnerabilities are found in many technologies, their presence doesn’t necessarily equal risk. Borrowing the FAIR Institute’s definition, risk is the probable frequency and magnitude of loss. Knowing what security vulnerabilities are present in your infrastructure can help you understand the probable frequency, but it offers no indication of loss magnitude. Rather, solving risk requires two foundational data points: what security vulnerabilities your technology has, and the value of the assets in which those vulnerabilities exist. Without that context, a given vulnerability is the same as any other.

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Topics: Scalability, Vendor Risk Management, Security Ratings, Vendor Security, Third Party Risk

Join us for the Fair Institute Tech Sponsor Webinar Featuring RiskRecon Founder and CEO Kelly White

Posted by RiskRecon on May 23, 2018 2:14:34 PM

 

RiskRecon Founder and CEO Kelly White will be presenting a FAIR Institute Tech Sponsor Webinar titled "Solving third-party risk at scale - a true risk-based approach" on Friday May 18th at 3 pm EST. 

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Topics: 3rd party risk management, CISO, Webinar, Vendor Security, Third Party Risk

Why the Security of Your Vendor’s Entire Enterprise Matters

Posted by Kelly White on May 15, 2018 11:34:14 AM

 

By Kelly White | May 14, 2018  

Reliably protecting systems and data over time requires the disciplined execution of a robust security program that spans an entire enterprise. As a former CISO and now advisor to third-party risk management teams, I’ve seen some vendors take the contrary position, arguing that customers need only be concerned with security of the systems that host their data.  

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Topics: Vendor Risk Management, Vendor Security, 3PRM

Meet with RiskRecon at the Financial Services-ISAC Annual Summit

Posted by RiskRecon on May 11, 2018 2:52:01 PM

 

May 20th to 23rd RiskRecon will be a sponsor at the 2018 Financial Services - Information Sharing and Analysis Center Annual Summit in Boca Raton, Florida at the Waldorf Astoria Boca Raton Resort. 

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Topics: Vendor Risk Management, 3rd party risk management, risk measurements, Press Release

What is the True Cost of Administering Your Vendor Security Questionnaire?

Posted by Kelly White on May 8, 2018 7:04:45 PM

 

By Kelly White | May 8, 2018

The more questions you ask in your third party assessments, the higher the cost. But how much does an extra question really cost? And what is its value?

In late 2017, we at RiskRecon explored this issue as part of a detailed study in which we analyzed the third-party cyber risk management practices of thirty firms. Let’s walk through a few of the study data points that led us to the answer.

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Topics: Scalability, Vendor Risk Management, Vendor Security

Public Customer Vendor References – Good Partnership but Risky Business

Posted by Kelly White on May 3, 2018 9:38:32 PM

 

By Kelly White, Founder and CEO, RiskRecon

A public testimonial from a satisfied customer is marketing gold for most any business. Who isn’t proud to display the logos of respected brands on your customer list, or to publish case studies about the great work you did for them? When I was a CISO of a top-30 financial institution, vendors frequently offered us financial incentives for permission to leverage our brand. There’s also a human element – people like helping other people. In the digital age where a negative customer experience can spread like wildfire through social channels, positive testaments are more important than ever.  

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Topics: Vendor Risk Management, Vendor Security

When the media wrongly implicates you in a third-party data breach

Posted by Kelly White on May 1, 2018 6:48:15 PM

Be Prepared: The Media Might Drag you into a Vendor Data Breach Mess Even if Your Data Wasn’t Compromised

Kelly White | May 1, 2018

When your vendor gets breached, you might be dragged into the mess by media even if your data was not compromised. Consider the recent case of [24]7.ai data breach.

On April 4, 2018, online chat application vendor [24]7.ai publicly reported that they had “an incident potentially affecting the online customer payment information of a small number of our client companies…” Shortly afterwards, well-known corporations Delta, Sears, Kmart and Best Buy released statements acknowledging that their customer data was impacted by this breach.

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Topics: Vendor Risk Management, Third Party Risk