CyRAACS

 Risk is inevitable when you work with outside companies, especially where a sensitive company or customer data is concerned. As the cloud becomes more and more of a target for malicious attacks, third-party risk management will become a more mission-critical security practice in the coming years. Let’s look at problems and solutions that companies might face. Third-Party Risk A cookie where you’ve kept your passwords is like an open door into the enterprise that was otherwise well-protected. A third party who handles your data processing has fallen prey to a simple phishing attack via email. Your partners may have other partners, and even though you do not necessarily control all of them, nevertheless this does not mean that those relationships should be neglected. As a security manager, you need to conduct third-party risk assessments prior to providing access to sensitive data or outsourcing critical business processes with third-party vendors. Continually assess every vendor

  According to a subject matter expert, over 98% of organizations use some sort of cloud-based infrastructure that often includes cloud storage and computing resources. And when it comes down to trusting who can guard those precious commodities, almost twelve out of every thirteen organizations are not satisfied with just one - despite the fact that there is no right or wrong answer when it comes down to using one versus the other for safeguarding company or client data. Cloud Adoption Increasing Rapidly: Cloud adoption is on the rise. Organizations have been using the cloud for some time now, but even before COVID-19 struck there was a rising demand to replicate workplace environments in remote locations. The global pandemic made this an absolute must: companies needed a way to continue their day-to-day operations despite staff being at a greater risk of infection outside the office. With this transition comes an increased risk of cyber-attacks. Because cloud applications are hosted o