Vendor security covers risks introduced by suppliers, including software flaws, exposed systems, and weak access to customer data.
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Background for this topic.
Vendor is an external organization that supplies an IT product or service, such as software, hardware, cloud hosting, or managed security. In security reporting, the term usually concerns a third party whose technology, personnel, or connectivity forms part of an organization’s environment or handles its data.
Vendor risk depends on the access and dependency involved. A compromised or poorly secured vendor can expose customer information, introduce vulnerabilities through software updates or components, or provide attackers with a route into connected systems. Practical controls include risk-based due diligence, contractual security and notification requirements, least-privilege access, vulnerability and software-supply-chain review, monitoring, and prompt removal of access when a relationship ends. Assessments should also address privacy obligations and how the vendor will support investigation and recovery if a security incident occurs.
Latest Medical Device Vendor to Disclose a Recent Cyber IncidentA Minnesota maker of catheters notified federal regulators it is recovering from a cyberattack discovered in early June that rendered a portion of its IT systems and data inaccessible. Threat actors gained unauthorized access to some IT systems making certain systems and data unavailable.
Horizon Healthcare RCM Hints at Paying Ransom in Data Theft IncidentHorizon Healthcare RCM is the latest revenue cycle management software vendor to report a health data breach involving ransomware and data theft. The firm's breach notification statement suggests that the company paid a ransom to prevent the disclosure of its stolen information.