How Standard Chartered Bank mitigated third-party risk
Discover how to assess the reputation and external face of your company from a security hygiene point of view
Different industries have different domains on how they manage third-party risk, and each industry will normally start with a framework to assess the typical risk appetite in an organization.
It is important that companies understand how to assess the reputation and external facing of their company from a security hygiene point of view, as well as understanding how to perceive and leverage technologies in advance to manage and mitigate risk.
In this Cyber Security Digital Summit: APAC 2022 session, Fawad Bayunus, cluster head and information security risk officer at Standard Chartered Bank, explained how to check security hygiene by leveraging technologies to monitor and mitigate risk. He also explained how to handle and move forward with a non-compliant single vendor who provided specific solutions required by an organization and the best ways to respond when there is a cyber attack on a third-party vendor/business partner.
