10 Ways To Mitigate Vendor Cybersecurity Risk

Law360, New York (August 12, 2016, 1:06 PM EDT) -- Daniel Garrie

Rhea Siers Corporations today face the reality that, even if they invest substantially in their own organization's cybersecurity practices and procedures, vendors pose a serious threat. Companies must evaluate and attempt to address the threat that vendors pose, or risk becoming the next "Panama Papers" case study. Lawyers in particular must pay careful attention to these threats or risk breaching their fiduciary duties.

The truth is that vendors don't necessarily have the same interest in securing a client's data as the company itself. One company can have hundreds of vendors, all of which have different risk profiles. Even if...

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