February 02, 2017//Tori TaylorLast Updated: June 13, 2022
The next big data breach could hit your network through a third-party vendor—do you know who you are doing business with?
Depending on the size of your business or organization, you may be working with third parties at multiple operational levels. Business partners, maintenance providers, and even take-out restaurants can leave your valuable network at risk.
The 2013 breach of Target near the Christmas holiday occurred through the compromised credentials of a heating and air-conditioning vendor. With the addition of any third-party vendors to your organization, your risk management burden increases. Consider that a major supplier of yours is served by a network of vendors. When the supplier is added to your platform, anyone with access to their network could prove a security risk.
In a regulated industry, your organization is responsible for compliance. This means identifying vendors and formalizing best practices to ensure all parties understand the requirements and risks.
In guidance offered by PwC, the steps to effective risk management include:
Be sure to standardize the definitions and procedure around onboarding vendors and business partners throughout your organization. Identify the points of vulnerability and use a secure platform to ensure compliant access management.
Vendor risk management remains active throughout the lifecycle of a vendor with your company. Whether you work with only a few vendors, hundreds, or thousands, your network is only as safe as the security practices of your weakest partner. Know your third-party vendors—and know what they are doing to protect your organization from threats.
Our sole focus is secure third-party remote access. For highly regulated enterprise organizations, SecureLink Enterprise has pioneered a secure remote access platform. SecureLink for enterprise allows an organization to identify, control, and audit third-party vendors. For vendors, SecureLink is the gold standard remote access support platform because it is easy, efficient, and ensures compliance and reduces liability when supporting customers.