The build vs. buy decision has been made; when an organization needs a new capability, they don’t develop it internally, they look outward to suppliers and vendors. The average company relies on hundreds, if not thousands, of suppliers and vendors to run its business, and benefits from the specialization and competencies they provide. That being said, the benefits suppliers and vendors provide come at a cost; the overwhelming majority of today’s breaches are byproducts of attacks on the supply chain. When an attacker decides they want to compromise a business, they direct their efforts at the supply chain, and use the privileged access afforded to suppliers and vendors to infiltrate a business. Why? Because attackers know that our focus tends to be on our own perimeter, and that we lack the ability to continuously monitor and mitigate against the cyber risks that exist across our supply chains.
Enter the cyber rating, which Gartner predicts will be as important as the credit rating by 2022. Whether your use-case is focused on supply chain onboarding, monitoring or regulatory compliance, Cyber Ratings can help to level the playing field by enabling the continuous monitoring of the cyber risks that exist across your supply chain.