Why Aligning Policies and Procedures Across Your Supply Chain Is Critical to Your Cybersecurity
About 57% of respondents to the 2023 CSA Report on Third-Party Risk have seen a breach or attack via their third-party providers.
According to the Cloud Security Alliance Report on third-party risk, 57% of respondents have experienced a breach or attack via third parties. 39% identified business partners, subcontractors or IT service providers as responsible for the incident. This is because organizations have lax cybersecurity policies which are individually interpreted from leading standards. Comparing policies and procedures – whether within corporations, in M&A situations, or to align with service providers – takes several months and requires a six- to seven-figure budget.
To solve this problem, ISG developed ISG Security Policy and Procedure Review Tool, an AI-based approach that semantically compares masses of text information, reducing reading time and improving the quality of comparisons. The tool can save up to 70% of manual work in a single project and up to 90% in repetitive comparisons.
ISG understands the complexity of your organization and its partner ecosystem – which is why we take a holistic approach to bolstering your cybersecurity now and in the future.
ISG can help you:
In an increasingly connected economy, the importance of cyber security and risk management rises. You need to validate, re-orient and re-align your cybersecurity strategy.
Assess your capabilities and maturity with an ISG assessment built off of industry-leading frameworks (e.g., NIST CSF, CIS Top 20, ISO) and market-leading benchmark data. We’ll help you baseline your maturity levels and develop transformational roadmaps to move up the maturity curve.
Outsourcing cybersecurity tools and services on a stand-alone basis or as embedded services can be essential in times of scarce resources and increasing professional and advanced persistent threats.
When sourcing operational services, your chosen partner’s compliance with your corporate information security controls, policies and standards impacts your cyber security’s resilience. Managing your transaction and transition means carefully segregating duties between your organization, your partner and its internal governance.
Re-directed strategy, digitization approaches and sourcing of services and tools let you achieve the expected value leveraging holistically managed transformation measures. Digital tools and services improve efficiency and lower failure rates. End-to-end business processes and connected or digital products require extra-vigilant security protocols.
ISG knows the market best practices. We’ll enable your successful digital transformation with a cyber security operations and management model.
ISG helps a multinational insurance company achieve anomaly-based risk detection using user and entity behavior analytics (UEBA) technology.Learn more
ISG helps a bank benchmark and understand its security operations’ spend and performance, providing recommendations for improvement.Learn more
ISG advises an oil and gas company on implementing automated identity and access management services throughout the entire organization.Learn more
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The cybersecurity market in the U.S., witnessed exceptional growth in spending against the backdrop of a multitude of reasons threatening to impact businesses and economy. The U.S. market is reflective of global trends; U.S. is recognized for its high maturity in IT and security adoption and as the hub for centralized business decision making for several enterprises. The post-COVID-19 phase witnessed an unprecedent acceleration in digital transformation investments, uptake of remote and hybrid work models, incidents of sophisticated attacks and data leaks across enterprises of all sizes, and the (ongoing) Ukraine-Russia conflict. These reasons, combined with the surge in insider threats, lack of cybersecurity awareness with misguided perceptions and false sense of complete protection, have created further complexities, necessitating innovative, real-time and advanced security capabilities.
Digital transformation demands the integrity of information, beyond reasonable – and sometimes unexpected – doubts. But few enterprises want to become – nor do they have the resources – to become digital security experts. Use our research to understand what is working and why, align spend on digital security, and make rapid improvement to achieve risk-adjusted value while making optimal decisions.