Managing Vendor Security Risk
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10/31/2014 | 1:08:52 PM
In the together ...
Very timely analysis, Deena. It seems like the focus of some of the new financial services security-related legislation/regulation being floated or debated now has to do with exactly this challenge -- security threats related to banks' relationships with vendors and suppliers. As you outline, much of the responsibility falls on the banks to scrutinze contracts, hold vendors to standards, etc. It's obviously time for the vendor community to rethink this issue, too -- it's not just about selling systems to the industry. When it comes to security, banks and their vendors/suppliers are in it together.

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