Third-party vendors are a common part of the business world, and they can provide a number of benefits to businesses. However, third-party vendors also pose a risk to businesses, as they can be a gateway for cyber-attacks. In recent years, businesses have increasingly become dependent on third-party vendors to maintain their systems/infrastructure as well as provide various services to clients. However, most companies have not invested in third-party vendor management programs, thereby increasing cyber-attacks. Several organizations and agencies such as online retailer Target Corporation, Marriott Corporation hotel chain, and the United States Office of Personnel Management have faced cyber criminals' attacks due to lack of adequate security when interacting with third-party vendors. As a result, third-party vendors can be described as one of the gateways to being exploited by cyber-criminals. How third-party vendors can be a gateway for cyber-attacks: The rise in third-party data breaches has resulted in exposing organizations’ private data as well as other massive adverse impacts. In most cases, third-party-related threats exist when the client provider's or third-party system or connection between the two parties is unsecure. Companies are likely to work with several third-party vendors during their daily operations from human resources, web development, design, and other service providers. Granting these service providers remote access to the organization's network results in creating a new threat vector. More so, connection to physical connectors such as integrating security systems with cameras, building management systems printers, and HVAC, among others, often increases an organization’s proneness to cyber-attacks. The increased use of the Internet of Things (IoT) operated through third-party vendors has increased cyber-criminals' abilities to gain access to firms' data and systems. Third-party vendors can be a gateway for cyber-attacks in a number of ways. For example, third-party vendors may have access to sensitive data, such as customer information or financial data. If a third-party vendor is hacked, this data could be compromised. Additionally, third-party vendors may not always have the same level of security as the businesses they work with. This means that if a third-party vendor is hacked, the business they work with may also be hacked. Risks of using third-party vendors: There are a number of risks associated with using third-party vendors. These risks include:
How to mitigate the risks of using third-party vendors: There are a number of things businesses can do to mitigate the risks of using third-party vendors. These include:
The use of third-party vendors to facilitate organizations' operations and service delivery has led to the emergence of new cyber-related threats. The best approach to mitigate these threats is for companies to invest in imposing cyber-security standards on their third parties vendors. https://bit.ly/3mjhvjc https://guptadeepak.com/content/images/2023/04/How-Do-Third-Party-Vendors-Work-As-A-Gateway-To-Cyber-Attacks-By-Criminals---guptadeepak.com.jpeg https://deepakguptaplus.wordpress.com/2023/04/11/the-risks-of-third-party-vendors-a-gateway-to-cyber-attacks/
0 Comments
Leave a Reply. |
AuthorChristopher Reardon, PhD, is a computer scientist and experimental roboticist. He joined the faculty at the University of Denver in late 2020 as an Assistant Professor in the Department of Computer Science at the Ritchie School of Engineering and Computer Science. Prior joining DU, Dr. Reardon spent over four and a half years as a research scientist at the U.S. Army Research Laboratory, where his research focused on enabling better human-robot teaming for autonomous mobility and maneuver contexts. Dr. Reardon has published over 25 peer-reviewed journal and conference articles to date. He is an IEEE Senior Member. He is actively involved in the greater robotics research community, regularly serving in organizational leadership roles at conferences and workshops. ArchivesNo Archives Categories |