b'PRST STD US POSTAGE PAID BOISE, ID PERMIT 411Kloud9 IT HQ 9999 Granger Rd Cleveland, OH 44125INSIDE THIS ISSUEYear In Review: Are You In It? | 1Wanna Be Like Mike? Take This Advice From Tim Grover, Michael Jordans Former Trainer | 3ARE YOU MANAGING YOUR VENDOR SECURITY RISKS?As the year winds down, innovative businesseson average, 4.16supply chain breaches in 2023if theyre implementing strong cyber often reflect on whats gone rightand whatthat impacted operations. security measures, such as multifactor needs improvement. Beyond wrapping upauthentication, encryption and regular projects and planning for next year, one criticalVendor breaches are more than annoying system updates. Knowing where your task shouldnt be overlooked: managing vendortheycould also lead to data loss, diminishedvendors stand gives you a better handle on security risks. Vendors play an essential role incustomer loyalty or even legal issues. Thisyear,your own security.your businesss success, but they also presentconsider adding these best practices to your end- 3.Monitor For Emerging Risksa severe cyber security risk if you dont vetof-year review to manage your vendor risk:and monitor them effectively, especially if theyCyberthreats evolve quickly and so do handle sensitive data. 1.Review Vendor Contracts the risks your vendors face. Regular Like you, vendors need to be heldmonitoring of your vendors security Whats A Vendor Risk?accountable for following industry- practices, like tracking vulnerabilities Many businesses rely on trusted vendors, suchstandard practices like encryption, secureor breaches, will keep you on top of any as cloud services or file-sharing tools, to carrydata storage and incident responseemerging threats.out day-to-day operations. If that vendor getsprotocols. Start your vendor risk review4.Update Your Vendor Listhacked, your sensitive data is suddenlyandby checking to see if your contractsNow is a good time to clean house. dangerouslyexposed. A perfect examplehave the necessary security clauses, andCutties with vendors who arent living is the 2023 MOVEit Transfer breach, wheremake sure your agreements outline theseup to your security standards and attackers exploited vulnerabilities in theexpectations clearly so you and yourtighten your relationship with those vendors software, giving them access to criticalvendors know whats at stake. who are proactive about protecting your data like customer information and business2.Conduct Vendor Security Audits data. Considercreating standardized records for thousands of organizations.If you havent done it recently, its time foronboarding and offboarding processes BlueVoyants State of Supply Chain Defensea thorough security audit of your high-riskfor vendors, too, so old vendors dont have report showed that organizations experienced,vendors. This will help you understandunwarranted access to your organization.Technology That Works!216-393-24844'