With over 236,000 records breached every minute, there is no time to waste in securing your network. The best place to start is where hackers and bad actors do: by looking at the access a vendor or third party has to a network.
When vendor access and management are not regulated and monitored, it can lead to issues on both sides of the coin, including noncompliance, fines, reputational damage, loss of clients, and loss of revenue – or even bankruptcy.
The right vendor management platform should allow both vendors and their clients to:
Data Breaches Due to Third Parties
Average Cost of a Third-Party Data Breach
It's only a matter of time before you experience a data breach if you have a relationship with a vulnerable or compromised vendor. Breaches related to vendor access are more costly than those that don't involve a vendor. Data breaches can lead to compliance fines, loss of revenue, and shuttering of business. Are you fully protected?
As a vendor, you service multiple clients in different industries who give you access to their network. If you use the wrong tools for remote support, hackers can gain access and steal customer data. Are you using the right tool for remote support?