Third-Party Risk Management
The financial sector faces significant threats from cybercriminals, leading to an urgent need for stringent regulations to protect financial institutions and their data. The pressing concern stems from recent research by Security Scorecard, indicating an alarming 78% of European financial institutions experienced a third-party data breach in 2023.
As organizations increasingly rely on third-party vendors and partners, managing associated risks has become a paramount concern. These risks range from data breaches and compliance issues to operational disruptions. Consequently, leveraging Artificial Intelligence (AI) to enhance third-party risk management has become a significant technological
Data Breach at PowerSchool Raises Concerns for Fairfax County Schools The recent data breach at PowerSchool Holdings Inc., a global tech vendor managing student information systems, has caused a national uproar. Fairfax County Public Schools (FCPS) Superintendent Michelle Reid has remained silent, raising concerns among parents, staff, and
The landscape of financial services is evolving rapidly, with bank-fintech partnerships playing a pivotal role in driving innovation. As these collaborations become more prevalent, regulatory bodies in the United States are actively updating guidelines and frameworks to ensure safe and compliant integration of fintech innovations into the banking
The Digital Operational Resilience Act (DORA) represents a pivotal regulation established by the European Union (EU) to bolster the digital operational robustness and cybersecurity of financial institutions. With the compliance deadline rapidly approaching, financial entities must gain a comprehensive understanding of the scope, requirements, and
The impending threat of software supply chain attacks has underscored vulnerabilities in modern computing, accentuating the crucial need for improved security practices in managing third-party risks and identity infrastructure. SecurityWeek's 2025 Supply Chain Security & Third-Party Risk Summit, slated for March 19, 2025, seeks to address these