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.
The Combined Company Will Be Worth $7B, Firms SayData security vendor Cohesity will acquire the data protection business of Veritas in a stock and debt transaction resulting in a combined firm by the end of this year, the companies announced Thursday. The deal values the combined company at approximately $7 billion.