Security News > 2020 > January > It's Time for the C Suite and Boards to Truly Engage in Third-Party Cyber Risk Management
Their lack of voice is then compounded by the fact that most boards and C suites assume their IT and security teams have their cybersecurity covered.
With the increasing incidence of cyber breaches and cyber regulations, this assumption is going to put the board and c suite in hot water.
This disparity illustrates the need for boards and c-suites to be more engaged with their security teams, and particularly with third-party cyber risk management.
Global consulting firm Protiviti recently found a high correlation between board involvement and highly mature vendor risk management systems.
The impact of a breach is a perfect example of how an organization's financial and technological risks blend together, and why the board should be involved in creating a Third-Party Cyber Risk Management strategy.