3rd Party Risk Management , Events , Governance & Risk Management

Mitigating Third-Party Cybersecurity Risks

Several recent data breaches have been the result of hackers exploiting vulnerabilities in third-party service providers and making their way to larger organizations to which they offer services.

See Also: Breaking Down Silos With a Holistic View of Security, Risk

Choose your partners wisely and remember that security comes at a cost, said Rishi Rajpal, vice president of global security at Concentrix.

"Look for partners who invest in security - who have security in their DNA. While we predominantly focus on the business side, somehow the security aspect is looked at and cost becomes a determining factor. We should come out of that mindset and look for partners who equally invest in security and compliance," he said.

In this video interview with Information Security Media Group at RSA Conference 2023, Rajpal also discusses:

• How to do your due diligence before picking a third-party service provider;
• Offering cybersecurity services to third parties that work with large organizations;
• The scalability and reliability of open source for cybersecurity.

Rajpal has more than 20 years of global experience and deep expertise in information security with specialization in risk management, security tools and technologies, compliance and privacy.