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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.

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Landmark Admin Compromise Affects More Than a Dozen Insurance and Annuity CarriersLandmark Admin, a third-party vendor that provides administrative services to life insurance and annuity companies, said 1.6 million people are potentially affected by 2024 ransomware and data exfiltration incidents that compromised a wide range of personal, financial and health information.

Introduction Cyber threats targeting supply chains have become a growing concern for businesses across industries. As companies continue to expand their reliance on third-party vendors, cloud-based services, and global logistics networks, cybercriminals are exploiting vulnerabilities within these interconnected systems to launch attacks. By first infiltrating a third-party vendor with undetected

Cheap Android smartphones manufactured by Chinese companies have been observed pre-installed with trojanized apps masquerading as WhatsApp and Telegram that contain cryptocurrency clipper functionality as part of a campaign since June 2024

Axing Security Clearance Will Undermine Talent Pipeline, Chill Vendor CollaborationTrump’s executive order revoking security clearances from SentinelOne over its hiring of former CISA head Chris Krebs is fueling fear in the cybersecurity sector. Experts warn the decision could hinder cybersecurity talent recruitment and public-private partnerships essential to national defense.

Bank Info Security 1 year, 3 months ago

Fraud in Your Inbox: Email Is Still the Weakest Link

At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With EmailFinancial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams.

Symbolic Links Planted by Attackers Survived Patching, Provide Read-Only AccessAttackers have been using a new type of post-exploitation technique to maintain remote access to hacked Fortinet FortiGuard devices - even if they had the latest patches - by dropping symbolic links in the device's filesystem designed to survive the patching process, the vendor has warned.