The Financial Services Industry is heavily regulated and typically runs comparatively mature compliance and cyber security programmes. However, the recent Equifax Hack with an estimated 143m American and 44m British citizens impacted has demonstrated not only the enormous impact data breaches can have, but also that there is still massive potential for improvement even in this sector. Next to well-known, traditional service providers, innovative financial service offerings are emerging and new players are entering the market.
General Industry Observations:
CyDesk, automates the processes involved in managing third-party risk and provides organisations with real-time visibility of the risk exposure from their supply chain and third parties. CyDesk combines cyber security, compliance and business risks like AML and KYB into one dashboard. The platform’s flexible design caters for other regulations and business risks to be added to meet client requirements. Organisations can upload their own assessments, invite their suppliers, and CyDesk scores the responses to rank suppliers accordingly.
CyDesk’s easy to use interface and clear dashboard gives you continuous and in-depth insights allowing you to carefully manage risk in your supply chain. The platform is also tech-neutral and can integrate with existing enterprise solutions.
To further monitor and protect your supply chain, you can require your vendors and partners to use CyDesk on their own supply chain thus further understanding and managing your risk.
CyDesk gives organisations ongoing, real-time visibility of risk-exposure from their supply-chain or third-party eco-systems. CyDesk enables actionable intelligence by auto-integrating cyber-security, compliance and other business risks to which organisations are exposed.
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