By Kyle Lai CISSP, CSSLP, CISA, CIPP/US/G
COVID-19 Third Party Risk Management Guidance. Businesses globally have been adversely affected by the Coronavirus / Covid-19 pandemic. The trend for decades has been to increasingly rely on the operational flexibility that comes through contracted third-party suppliers and service providers. But that flexibility comes with additional risk: Reliance on their financial and operational stability, but also through taking on their added cybersecurity risks. In a time of crisis, are they sacrificing cybersecurity priorities in their efforts to continue as a going concern?
In all likelihood, yes.(more…)