In financial sector, vendors lag behind customers on cybersecurity

Companies that supply financial organizations fare worse on cybersecurity than the organizations they’re supplying, according to a report BitSight published on Thursday.

The security gap between financial-services firms and their vendors highlights a major third-party risk facing the financial sector, which generally outperforms other sectors on cybersecurity but is still exposed to the failures of its suppliers.

Financial-services firms should perform “rigorous diligence and monitoring” of their suppliers to prevent supply chain attacks, BitSight said.

Read more at Cybersecurity Dive