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Third-Party Risk Management: Best Practices for Protecting Your Business

Third-party risk management is crucial for businesses as they increasingly rely on outsourced services, making them vulnerable to data breaches and compliance violations. According to Hyperproof’s 2023 IT Compliance Benchmark Report, 38% reported experiencing a third-party data breach while 48% reported experiencing a compliance violation. Therefore, organizations must implement strategies like assessing third-party risk, developing a framework for doing so, and creating structured onboarding and offboarding processes for vendors.

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Flow Security Launches GenAI DLP

Flow Security, an Israel-based data security platform, has incorporated a GenAI DLP module to secure data for GenAI services and applications. The move seeks to