Diligent’s Post

Key elements of an effective GRC strategy: How to stop overspending and optimize your GRC strategy. To stop overspending, set realistic and transparent security goals, don't use generic GRC, use internal resources where possible, and tailor your GRC strategy. To optimize your GRC strategy, focus on high impact and high priority risks, automate based on a gap assessment of capability, outsource implementation, re-use what you already have, use GRC experts, upskill your staff, and standardize processes and workflows. #innovate #grc MyRISK® HyperGRC®

Are you implementing a risk-tiering strategy to assess your third-party vendors? Bill Ahrens highlights in our latest guest blog post how you can effectively evaluate #VendorSecurity. https://hubs.ly/Q02lztmZ0 #ThirdPartyRiskManagement #TPRM #TPRMStrategy #ThirdPartyAssurance #VendorRiskManagement

I've become involved in some interesting GRC (Governance, Risk Management and Compliance) work recently (yes, "interesting"!). As well as the "purposeful" point made in this article, I'd add "timely" - there's no point in keeping integrations hanging around that are no longer relevant. https://lnkd.in/dfmsKW7x #grc #governanceriskmanagementandcompliance #cybersecurity

Cyberattacks on software supply chains have increased considerably in recent years. Even minor malicious elements within software components can trigger widespread security failures. Such events have dire financial consequences, erode trust in software, and raise concerns for users of integrated applications up and downstream. In line with Executive Order 14028, Software Bill of Materials (SBOMs) offer detailed insights into the software supply chain, including component details, licenses, and authors' information. This transparency helps identify vulnerabilities and legal risks. Regular re-evaluation of software is crucial due to the dynamic nature of open-source software. Minimum requirements for SBOM content include supplier details, component names, version numbers, and relationships with other components. Regular updates are recommended but a lack of automation may lead to bottlenecks. Currently, both commercial and open-source software solutions have lacked SBOMs that meet regulatory requirements. Until innovations such as iTracker from P3 Audit, ad-hoc solutions for SBOM compliance have been expensive or non-existent, particularly in open-source projects. Contact us to discover how P3 Audit and our iTracker platform can help you avoid cyber threats far removed from your perimeter defences. #SBOM #CyberSecurity #ThirdPartyRiskManagement #ThirdPartyRisk #BusinessContinuity #VendorRisk #DataSupplyChain #Procurement #Governance #Compliance #ESG #GRC #Ethics #CyberInsurance

Ask your software vendors and providers of devices integrated with your digital network if they are Open Chain compliant. There is a good chance they will be proud to share their Software Bill of Material with you, giving full visibility of their software supply chain. There is also a good chance they use P3 Audit and iTracker to provide compliance authentication and public visibility of their Software Bill of Material Compliance. Cyberattacks on software supply chains have surged recently, gaining significant media attention. Even a minor malicious element in a software component along the supply chain can trigger global security failures, eroding trust and raising concerns among users. A Software Bill of Materials (SBOM) offers detailed insights into the software supply chain, including component details, licenses, and author information. This transparency enables the identification of potential vulnerabilities and legal risks. Users can leverage the SBOM to efficiently understand the software supply chain, uncovering potential risks. Given the dynamic nature of open source software, regular re-evaluation of software is crucial, as new vulnerabilities may emerge unexpectedly. SBOMs facilitate automated review processes, expediting risk identification and mitigation, and aligning with the NTIA's minimum requirements for SBOM content. These requirements mandate the inclusion of supplier name, component name/version, and component relationships. The NTIA also recommends SBOM updates for each release, a demand that underscores the necessity for automation to avoid bottlenecks and capacity limitations in non-automated solutions. #CyberSecurity #ThirdPartyRiskManagement #ThirdPartyRisk #BusinessContinuity #VendorRisk #DataSupplyChain #Procurement #Governance #Compliance #ESG #GRC #Ethics #CyberInsurance #SBOM #OpenChain #opensource

Do you know how your MSP handles sensitive data? What about their incident response plan, do they have one? Let our Due Diligence Checklist help you to narrow down offerings that will support your needs best. It offers a step-by-step guide to help you assess your IT infrastructure, data security, business continuity, and much more. #duediligence #IT #MSP

Do you know how your MSP handles sensitive data? What about their incident response plan, do they have one? Let our Due Diligence Checklist help you narrow down offerings that will support your needs best. It offers a step-by-step guide to help you assess your IT infrastructure, data security, business continuity, and much more. #duediligence #IT #MSP

Organizations are increasingly concerned about data breaches caused by third-party vendors. Find out the strategy Mazars in US recommends for efficient #VendorRiskManagement. https://hubs.ly/Q02lz8kP0 #ThirdPartyRiskManagement #TPRM #TPRMStrategy #ThirdPartyAssurance

Cybercriminals exploit the data supply chain including third party software that your core applications are dependent on. It is essential that you create an inventory of all your third-party vendors and their subcontractors, including third-party software applications that form part of your business-critical SaaS platforms. It’s important that every vendor used by every department is accounted for. A data supply chain will have hundreds of third-party touch points with access to your data. A single breach, no matter its size, can put your entire organization at risk. P3 Audits iTtacker will bring order to your data supply chain, identifying all third parties and their potential risk to your business continuity.  #CyberSecurity #DataSecurity #Governance #Compliance #ThirdPartyRisk #Privacy #BusinessContinuity #databreach #SupplyChain #Procurement #ESG #GRC #CISO

Cybercriminals exploit the data supply chain including compromising third party software that your core applications are dependent on. It is essential that you create an inventory of all your third-party vendors and their subcontractors, including third-party software applications that form part of your business-critical SaaS platforms. It’s important that every vendor used by every department is accounted for. A data supply chain will have hundreds of third-party touch points to access undefended data. A single data breach no matter its size, can put your entire organization at risk. P3 Audits iTRACKER compliance tracking platform will bring order to your data supply chain, identifying all third parties and the potential risk they pose to your business continuity. #CyberSecurity #DataSecurity #Governance #Compliance #ThirdPartyRisk #Privacy #BusinessContinuity #databreach #SupplyChain #Procurement #ESG #GRC #CISO