Third-Party Risk

Corporate, government, and academic institutions do not have a handle on third-party risk. There is a growing gap between risk and awareness when there should be comprehensive plans in place to deal with third-party vendor risk management.

The crucial detail missing from everyone’s radar is this: today, organizations don’t control the code running on their digital properties. In fact, 80-95% of web, app, and e-commerce source code is owned and operated by an entity other than the host organization.

This is an area we have to get right. Lack of operational insight provides the ultimate backdoor for bad actors to infiltrate and wreak havoc on consumers. And consumers do not distinguish between you and a third-party vendors when their private information is lost or stolen.

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