Without a doubt, digital transformation is the most popular business strategy of this decade. According to Tech Pro Research, 70% of organizations either have or are working on a digital transformation strategy. Additionally, global spending on revolutionizing processes, business models, and integrating technology into all aspects of the organization is expected to reach $6.8 trillion by 2023.
While digital transformation offers enormous upsides for organizations– the ability to work more efficiently, manage costs, scale operations, and accommodate the shift to remote and hybrid working environments– for cybersecurity teams, the digital transformation movement presents a wealth of challenges.
To keep pace, how cyber risk is managed also needs a digital transformation. Legacy risk prevention practices need an efficiency upgrade. Security teams need to be able to scale quickly to accommodate the influx of third-party tools and cloud-based applications. And security leaders need complete visibility across their entire third-party ecosystem.
Only through a modern approach to third-party cyber risk management will security practitioners be able to confidently make data-driven decisions and develop actionable strategies to protect their organizations from threat actors.
Download the E-Book to learn:
- The dangers of relying on security assessments alone to evaluate third parties
- The advantages of cyber risk intelligence and how to apply it in your organization
- How to improve your risk detection and response