Jeffrey Wheatman, SVP, Cyber Risk Evangelist at Black Kite. Read Jeffrey Wheatman's full executive profile here.
Single, point-in-time cybersecurity assessments have become outdated in today's digital landscape, especially when it comes to managing third-party cyber risk. The dynamic nature of cyber threats demands a continuous, real-time approach to assessments.
By the time the next assessment happens, the findings from the previous one will be outdated, and during the time between, the organization is left vulnerable to new and emerging threats.One of the most significant flaws of annual assessments is the belief in a static technology posture. This assumption fails to account for the dynamic nature of IT environments. Organizations regularly update their software, change configurations and adopt new technologies.
With annual assessments, there are extended periods where organizations might be unaware of new threats that could compromise their systems. This extended period of ignorance can lead to significant security gaps, which cybercriminals are quick to exploit.To effectively manage third-party risk, organizations must move away from annual assessments and adopt a continuous monitoring approach.
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