Third-Party Risk Management stories - Page 2

Insurance brokers must scrutinise software vendors' SOC 2 Type 2 security to safeguard client data, compliance and operational resilience.

Nike is probing a suspected cyberattack after a hacker group claimed to leak 1.4TB of internal data, raising supply chain security fears.

Ricoh's CloudStream service has achieved SOC 2 Type II audit status, bolstering its cloud security credentials for regulated industries.

Over 70% of major retailers and nearly 60% of wholesalers have exposed credentials, leaving shared supply chains ripe for attack.

Privacy is shifting from a legal checkbox to a strategic differentiator as watchdogs and customers demand proof of real-world data protection.

London's Cyb3r Operations raises $5.4m to expand real-time monitoring of third-party cyber risk as supply-chain threats intensify.

Diligent snaps up AI-native vendor risk specialist 3rdRisk to sharpen third-party oversight and speed audit readiness for clients.

Kiteworks and BigID unite discovery, labelling and policy enforcement to secure sensitive data sharing across hybrid environments.

AI's next wave in business will be sector-specific, process-led services as firms shift from generic tools to trusted, compliant platforms.

Hapax unveils a free AI certification for bankers as lenders ramp up AI spending and face tougher scrutiny from regulators and boards.

Black Kite launches Product Analysis tool to expose hidden risks in third-party software, from SaaS subdomains to SBOM dependencies.

New Zealand's cybersecurity firm DEFEND clinched Microsoft's Global Security Partner of the Year amid rising state-backed cyber attacks targeting local businesses daily.

Law enforcement and cybersecurity firms have disrupted major malware networks amid rising risks from AI-driven cyberattacks and escalating supply chain breaches globally.

Global ransomware attacks surged 28% in September, with Industrials hardest hit, as cyber criminals ramp up efforts ahead of the busy holiday season.

Australia sees a 17% rise in data breaches as AI-driven threats on hybrid cloud systems surge, prompting tighter APRA regulations on cybersecurity compliance.

Black Kite Bridge has shared over 100,000 cyber risk intelligence items in its first year, boosting supply chain security through rapid, collaborative responses.

The Cloud Security Alliance has launched the SaaS Security Capability Framework, the first industry-wide standard addressing critical security gaps in SaaS applications.

Gregory Webb has been appointed CEO of HITRUST, succeeding founder Daniel Nutkis, who will become Executive Chairman, ensuring leadership continuity.

Bitsight's vendor network has grown 40% to 68,000 firms as AI integration cuts onboarding time by 70% and reduces breach risk by 75%.

Cynomi unveils a new TPRM module to help service providers manage vendor risks faster and more efficiently within its vCISO platform.