The Buck Stops Where?

By BitSight


From the report, “For years, the Finance industry has been a trailblazer in managing the risk posed by vendors, suppliers, and business partners. As we have also detailed in previous BitSight Insights reports2 over the last four years, this industry has maintained a strong security posture in comparison to others. Given that the Finance industry is a leader in managing third-party cyber risk, how secure is their supply chain, and where do weak links lie? Are the companies in their supply chain meeting the same security standards they hold for their own organization? These questions are relevant not only for Finance organizations, but for all organizations that need to reduce third-party cyber risk. To answer these questions, BitSight researchers looked at the security performance of more than 5,200 Legal, Technology, and Business Services global organizations whose security ratings are tracked and monitored by hundreds of Finance firms using the BitSight Security Rating platform. The organizations across these industries represent a set of critical vendors and business partners in Finance’s supply chain, consisting of: legal organizations, accounting and human resources firms, management consulting and outsourcing firms, and information technology and software providers.”

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