Third-Party Breaches Teach Education Sector a Costly Lesson in Vendor Risk
Rising threats from third-party actors are forcing institutions to play defense to protect student data from ransomware and other attacks.
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.
Rising threats from third-party actors are forcing institutions to play defense to protect student data from ransomware and other attacks.
Polymarket says it will fully reimburse customers who lost an estimated $3 million after hackers injected a malicious script into the platform's frontend following a breach at a third-party vendor. [...]
Polymarket confirmed hackers stole funds from some users after attackers injected malicious code through a compromised third-party vendor. Polymarket confirmed that a security breach at a third-party vendor allowed attackers to inject malicious code into its website, leading to the theft of funds from an undisclosed number of users. The company said it has contained […]
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