Title: Cyber Security and the Board – Working with Third Party Suppliers
Date: 1st April 2020
Time: 11am (GMT)
Duration: 1 hour
We all know that third party breaches can lead to our data being stolen, we even know it’s possible for our businesses to be specially targeted via our third party supply chain. BUT, do Boards really understand the implications of entrusting their business’s crown-jewels, their business’s reputation, their finances and even their continued ability to operate to third party companies and what this really means when things go wrong?
Today almost all businesses deliver their services through third party suppliers, digital channels and cloud services. The Bank of England Systemic Risk Survey Results for H2/2019 shows that firms perceive the risk of cyber-attack as the second highest risk after political risk to both the UK Financial System (61% of respondents) and their firm (48% of respondents).
Cyber-attacks have become a fact of life as attackers of various kinds (i.e organised gangs, malicious individuals, company insiders, even nation states) target businesses. Cyber criminals have now identified third party suppliers as a key vulnerability and attack vector in order to steal data, hold them to ransom or manipulate customers and steal funds.
This webinar will help Boards to understand the implications of entrusting another business with your key services and products, your customers and reputation, your finances and how to ensure that you have mitigated third party risk.
Key Learning Objectives
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