Key Ideas

• Organizations need to strike a balance between the financial opportunities of lower costs and higher efficiencies in cyber risk by creating a flexible supply-chain.
  
  
• Understand the main challenges within supply chain risk mitigation.
  
  
• A step-by-step role for managers and how to reduce their risk with third parties.
  
  
• Acknowledge the reliance on third parties and how to work with them for products and services.
  
  
• Understand that if companies have the right skill set to conduct assessments testing and ongoing monitoring of third-party relationships.