According to a recent survey of more than 1,000 U.S. and U.K.-based CISOs by the Ponemon Institute, 59 per cent of companies said they have experienced a data breach caused by one of their vendors or third parties. With large organisations today having upwards of 100,000 third-party vendors to manage, and small organisations having a significant sub-set of that, managing third-party vendor risk is an important part of an organisation’s overall cyber-health.
KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, has announced new functionality for its GRC management platform, KCM GRC, which helps organisations of all sizes address the growing problem of third-party vendor risk management. Organisations that do not know the cyber-health of vendors they do business with put themselves at risk of breaches and other cyber-attacks
