Finovate

SEPTEMBER 4, 2024

Kentucky-based Venminder offers a SaaS platform for third-party risk management that helps more than 1,200 customers manage their vendor relationships– from onboarding to offboarding. Photo by Edmond Dantès The post Ncontracts Acquires Third Party Risk Management Company Venminder appeared first on Finovate.

Risk Management 59

Risk Management Risk Acquirers Due Diligence 59

PYMNTS

JUNE 29, 2018

disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. As the latest breach to hit a major, global conglomerate, the attack on Ticketmaster highlights the growing threat of cyber-weaknesses down a company’s supply chain.

Cybersecurity 49

Cybersecurity Breach Risk Third Party Vendors 49

The Fintech Times

JUNE 20, 2024

The severity of the challenge is demonstrated in IBM ’s Cost of a Data Breach Report 2023 , which ranks data breaches in the financial sector as second only to the healthcare industry in terms of costs. However, data breaches constitute only one facet of the risks confronting firms.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

FEBRUARY 28, 2019

“Companies can’t afford to drop the ball on cyber risk, which is why conducting cyber risk due diligence has become an essential part of the M&A process,” wrote Deloitte in a separate report , which urges companies to develop a cybersecurity strategy prior to any merger.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65

PYMNTS

MAY 2, 2019

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. The findings are troubling: 44 percent of survey respondents said their companies had experienced “a significant, business-altering data breach caused by a vendor.”

Data Breach 55

Data Breach Third Party Vendors Breach Cybersecurity 55

PYMNTS

MAY 15, 2017

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

PYMNTS

FEBRUARY 12, 2019

The case highlights the risks and challenges companies face in not only vetting their suppliers, but vetting their suppliers’ suppliers, with third-party vendors a potential source of non-compliance for importers. The 156 shipments could have yielded a maximum fine of more than $40.8 million, reports said, but e.l.f.

Settlement 43

Settlement Compliance Risk OFAC 43