Cyberattacks Risks on Third Parties: SA Financial Services
- Having your Inventory Mapped
- Performing third-party risk assessments
- Adhering to compliance standards
Improving safeguarding measures for third-party software is crucial for businesses to mitigate risks. Mapping the inventory, conducting risk assessments, and adhering to compliance standards are effective ways to ensure industry best practices. Implementing vulnerability and patch management, along with using software escrow, provides additional layers of protection. However, it is important for companies to allocate sufficient resources to safeguard against cyberattacks.
