- Moderator: Will Pritchett, Partner, KPMG
- Host: Les Wong, Head of Europe, The Digital Insurer
- Speaker: Kyle Bryant, Regional Cyber Risk Manager for Europe, Chubb
- Speaker: Michael Fitzgibbon, Chief Underwriting Officer, Slice
- Speaker: Darren Craig, Managing Partner, Northdoor plc
- Ted Stuckey Managing Director, QBE Ventures
Cyber and Third Party Risk Management
Data protection obligations and legislation such as the GDPR require organisations to safeguard personal data. They also extend responsibility beyond the four walls and out to partner organisations. If your company shares data with third parties—for example, for use in credit-risk scoring, market research or payroll activities – you retain joint responsibility for that data, and can be held jointly liable in the event of a breach.
Understanding data-protection and third-party risks is hard enough for internal systems. When external organisations come into the picture, each with their own partners, and their partners in turn, the resulting web of dependencies makes it even harder to understand exposure.
For many organisations, monitoring third-party compliance around the GDPR involves significant manual work in getting external partners to complete checklists. The time taken to gather and analyse the information typically makes this an annual exercise, potentially leaving you exposed to risk for months at a time.
To enable informed decisions and help your organisation operate securely in an open and collaborative digital world, the Northdoor Third-party Compliance Solution integrates third-party risk management into your enterprise risk management strategy.
Drawing on a comprehensive framework for identifying and managing digital risks, backed by machine-learning tools that can determine exposure across multiple degrees of relationships, the Northdoor solution automates compliance monitoring to provide an executive view of cyber risk in real time.
Structured approach to third-party risk compliance from Northdoor
With tens, hundreds or potentially even thousands of suppliers to deal with, many organisations are struggling to get to grips with managing their networks of Data Processors. To overcome this challenge, Northdoor proposes a structured approach to sustainable compliance, backed by an advanced machine-learning solution.
RiskXchange resolves these issues, providing a simple, automated, centralised approach that empowers organisations to conduct business securely in an open, collaborative, digital world.
As the de facto global standard for cyber risk score ratings, research and analysis, the RiskXchange solution uses powerful machine learning to map the enterprise’s ecosystem and determine the 360° cyber risk rating score and posture of multiple degrees of relationships to the prime enterprise.
Clear, informative dashboards show executives the risk position in real time, helping them make informed and measurable business risk decisions.
See what our customers have to say about RiskXchange:
Alain Cain, Head of Information Security
Rail Delivery Group
Global Information Security Officer, Pret A Manger
Recent cyber risk and security articles
Kaseya ransomware attack highlights the risk of supply chains
Keseya ransomware attack highlights the damage done by attacks that come into the organisation through trusted partners and suppliers .
As the threat from third parties and supply chain increases, more turn to automated solutions to help nullify increasingly sophisticated cyber-criminals
Northdoor helps companies obtain a real-time view of their supply chain vulnerabilities.
Latest hacks suggest 2021 will see increased cyber-criminal activity
Northdoor comment: Companies have to fight back with proactivity and the latest innovative solutions to prevent theft of sensitive data.
UK Insurance Industry Cyber Risk Assessment Report 2021
Get your free personal copy of the UK Insurance Industry Cyber Risk Assessment Report 2021, and receive an individual risk assessment for your organisation.
Prioritising Lloyd’s minimum standards for cyber third-party risk management
Blueprint 2.0 and the pandemic has also pushed the London market to engage digitally across the supply chain meaning that third party security is more crucial than ever.
Dealing effectively with Ransomware and Malware attacks in the real-world
Northdoor comment: 2021 has seen some high-profile breaches such as Serco and British Mensa.
Third-party cyber risks during periods of business disruption
When your suppliers’ business continuity plans kick into action, it’s vital to ensure your data is still protected.
As the deal with Huawei is scrapped, the importance of maintaining a secure supply chain is back in the spotlight
Northdoor comment: UK Gov has order the removal of Huawei equipment by 2025, the importance of checking your supply chain for security risks is highlighted
Understanding your exposure to third-party risk
Northdoor proposes an approach that maps your entire ecosystem to give a 360-degree cyber risk rating, helping you understand the full chain of risk.
SolutionProtect Your Business From Third Party Cyber Risks
Discover how hackers, partners, and customers see your organisation’s cyber security posture! Get ahead of the hackers, and see what they see before it’s too late!
SolutionCyber Security RiskXchange Offer
We are making RiskXchange – our award-winning cyber risk management solution – available free of charge!
NHS Public Sector
£3.6m lost to cybercrime by charities since March
Cybercrime high on charity sector priorities as it is hit for over £3.6m since March – and yet has become the recipient of cybercrime gains
Recent cyber-attack shows the potential vulnerability of local authorities
Northdoor’s AJ Thompson’s thoughts on how the public sector can fight back against cyber criminals using a robust, resilient approach to data protection.
New Zealand’s reserve bank hacked in third-party cyber attack
Criminals targeted a third-party legacy system to gain access to New Zealand’s reserve bank. Sensitive customer data may have been stollen.
European IT & Software Excellence Awards 2021
Finalist Security Solution of the Year
Northdoor plc’s RiskXchange solution has been nominated for Best Security Solution of the Year in the 2021 European IT & Software Excellence Awards. RiskXchange was deployed on behalf of the Salvation Army to better manage and help combat third-party cyber security risk.
European IT & Software Excellence Awards
We are proud to be finalist and recognised as “Highly Commended” in the Data, Information Management or Analytics Solution of the Year category at the prestigious European IT & Software Excellence Awards 2019 for our RiskXchange solution.
G-Cloud 12 Framework Award
Northdoor has successfully achieved supplier status and can offer our compliance solutions to public sector organisations looking to manage their enterprise and third-party cyber risk exposure.
Cyber Risk Assessment of the UK Insurance Industry
Did you know that 75% of cyber insurance brokers and underwriters lack full visibility of their risk exposure?
Learn about the findings of the Cyber Risk Assessment of the UK insurance industry report.
The report includes seven key recommendations for improving your scores and securing your business against cyber risk.
Helping charities understand their cyber risks
Our report does not only highlight shortcomings; it also provides seven key recommendations to help you improve both risk management and data protection.
By sampling 200 UK charities of all types and sizes, we calculated a weighted average Cyber Risk Rating of 700 for the sector.
Take the first step towards a more secure future by reading the report today, then discover your own organisation’s level of exposure to cyber risk.
Join leading IT cyber security experts to learn about the key security threats to the insurance sector and what action can be taken to minimise the risk. Included will be an overview of a recent Cyber Risk Assessment of the UK Insurance Industry report which has revealed the key IT security vulnerabilities in the insurance sector; IBM’s X-Force IRIS team will discuss how one of the major threats, ransomware, is increasing in sophistication and what the insurers can do to mitigate the risk; and there will be insight from leading cyber security industry analyst, Fran Howarth from Bloor Research.
Hear from a panel of insurance professionals and thought leaders including KPMG, Chubb, QBE and Northdoor on a webinar topic of “Cyber Security – Implications for the Insurance Industry”.
Under the new legislation, organisations bear a significant amount of responsibility for safeguarding information that they have shared with third parties. It’s one thing to control the risk of data leakage from internal systems, but quite another to be confident that your suppliers (and any companies they may choose to subcontract with) are taking just as much care.
If you’re struggling to determine your exposure to third-party data risk, and you missed our recent webinar with the Direct Marketing Association, find out about the Northdoor approach to compliance by reading our blog and watching our on-demand webinar.