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Halock Addresses the Accelerating Need for Third-Party Risk Management, Providing Comprehensive Solutions for Businesses

The rise in cyber threats from third-party vendors has made cybersecurity a significant risk for businesses. With a 742% rise in software supply chain cyberattacks in the past three years, studies show nearly 60% of security incidents were linked to third-party issues. Gartner notes only 16% of organisations report the capacity to effectively manage third-party risks. Hence, third-party risk management (TPRM) has become a priority, analysing and controlling risks linked to outsourcing services like IT and security from third-party vendors.

Source: www.benzinga.com –

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