Solutions
Product Examples
Cybersecurity Consulting
Strategic advisory services to help you assess risks, build security frameworks, and align cybersecurity with your business goals.
Managed Security Services
24/7 monitoring, threat detection, and incident response services to proactively protect your digital assets and operations.
Compliance Management
Comprehensive support to help you identify vulnerabilities, meet regulatory requirements, and maintain ongoing compliance.
Incident Response
Rapid response to cybersecurity incidents, minimizing damage, identifying root causes.
Cloud Security Solutions
End-to-end protection for your cloud environments, ensuring secure access, data protection
Data Protection & Privacy
Secure sensitive information with advanced encryption, access control, and data loss prevention strategies.
Product Examples
Continuous Threat Exposure Management(CTEM)
IGA
Identity Access Managment
Identity Governance & Administration
Privileged Access Management
IT Control Assurance
Probability of Vendor Data Breach
Overall Observations
- Third-party program is better than Industry average for large data breaches over 1M+, biggest risk is the number of vendor
- Validate the type and volume of customer data for all vendors to ensure model accuracy
No risk appetite statement and framework to articulate the acceptable frequency of third-party data breach for large & small breaches
For the 59 vendors with no CISSP, how are there day to day cyber activities being performed?
For the 68 vendors with no CISA, how are there cyber audit activities being performed?
Large Breach 1M+ 3% probability
- Probability is 3% or every 34 years across your 69 vendors
- Is a 3% chance of data breach across 69 vendors within your risk appetite?
- 5 Tail vendors take up 40% of your risk budget (Company 3, 5, 10, 12, 16).
- Tail-vendors, limit your ability to leverage the value from more third-parties. Specifically, your competitiveness and growth
Small Breach 1K+ 9% probability
- Probability is 9% or every 11 years across your 150 vendors
- Is a 9% chance of a data breach across 150 vendors within your risk appetite?
- 17 Tail vendors take up 47% your risk budget (Company 1-17).
- Tail-vendors, limit your ability to leverage the value from more third-parties. Specifically, your competitiveness and growth.
Next Steps
Verify: Your data details (ie record count, encryption, data type); Vendor data details (ie CISA / CISSP and MCPE, managed contracts)
Determine: Cumulative Risk appetite for 3rd Party Data Breach (large, small); Accountability model (ie ARCI) and Leadership & Governance
Develop: Organizational Change management approach; Frameworks/ procedures / metrics to support the risk appetite
Implement: Rollout updated & new procedures / framework / metrics;
Manage: on-boarding & off-boarding; tail vendors; minimal certifications; vendor portfolio