Insight

Third-party security insights

Perspectives from a cyber security roundtable

Jonathan Dambrot

Jonathan Dambrot

Principal, Cyber Security Services, KPMG U.S.

+1 908-361-6438

KPMG recently hosted a third-party security roundtable for cyber leaders. We heard from a diverse range of voices on how third-party security functions are innovating to keep ahead of expectations from business, affiliates, vendors, regulators, and clients. Themes that emerged from this discussion included:

  • Cracks are emerging in traditional approaches tp third-party security
  • Regulators are paying increased interest into how organizations manage third-party security
  • There is a widening divergence of approaches to risk management between regulated organizations and their third parties
  • Tensions between third-party security programs and the business remain unsolved
  • The current maturity of utilities does not provide a “one-stop shop”
  • Organizations are incorporating threat intelligence into third-party security programs
  • Organizations are rethinking hoe they share security information with their clients
Third-party security roundtable insights
This paper seeks to explain the emerging third party risks and the approaches companies can take to mitigate these cyber risks.