How to Win the Third-Party Game by Expanding Beyond Cybersecurity Assessments to Include Procurement Risks
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Launched in 1955, ITV is a free-to-air television network in the United Kingdom. ITV is supported by its supply chain to secure content pre-distribution and to secure its broadcast chain.
Cyber risk is now a regular board meeting topic. Even with this increased awareness, it’s a struggle to communicate security and risk metrics in a way that resonates with the business. Technical data isn’t made to directly communicate the impact against revenue, brand, and financial risks that the company cares about.
Many organizations are still depending on spreadsheet and email-based processes resulting in errors. To add to this, there are mounting costs and fatigue in meeting certification and reporting requirements because of repeated requests for similar information by the IT Risk and Compliance teams. Organizations are spending too much time on maintaining checklists and audit requirements and not enough time is spent on forward-looking activity,
resulting in the lack of clarity for senior executives on cyber risk and investment priorities.
Automated Cyber Risk Quantification Changes the Game at this Consumer Packaged Goods Manufacturer.