Third-Party Risk Management
VISO TRUST, a prominent name in AI-powered third-party risk management (TPRM), has just successfully completed a crucial funding round, garnering an additional $7 million and pushing their total raised funds to $24 million. This recent round saw participation from both previous investors, including Bain Capital Ventures, Work-Bench, Sierra
In 2023, Amazon confronted a significant security incident involving the MOVEit third-party breach, which resulted in the theft of a substantial amount of employee data. This breach, executed by a hacker known as "Nam3L3ss," has raised serious concerns regarding the security of third-party vendors and the broader implications for companies that
A recent survey conducted by law firm Jones Walker and published Tuesday reveals that community and mid-size banks are lacking in comprehensive due diligence and robust contract negotiations with their third-party vendors. This deficiency is a critical vulnerability, especially in instances of data breaches by vendors. The survey underscores the