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Our Best in Resilience Certification utilizes a proprietary Critical Event Management (CEM) Standards Framework to provide organizations with the industry’s first end-to-end methodology for evaluating and benchmarking resilience. They take action through training (97.7%), tabletop exercises (90.9%), and software deployment/use (81.8%).
Cybercriminals know that big attractive targets like major financial services and healthcare organizations will have robust defenses around their own assets. The Third-party Vector Risk From the hackers’ perspective, it’s easy to see the appeal of reaching targets indirectly through vendors and cloud providers.
To put this into perspective, it represents almost 70 percent of the $7.442 trillion the world spent on annual healthcare costs. It serves as a benchmark to assess behaviors and hold employees accountable if they are non-compliant. By 2019, fraud events cost businesses $5.127 trillion each year.
Benchmark multiple vendors’ performance. Work with vendors to improve performance issues. Resolve problems to avoid harm to your productivity or services. Ensure that your business is making the best use of the vendors’ services. Improve your organization’s overall third-party risk management.
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