SLAs, Breach Notifications & Cybersecurity Considerations MSPs Should get from their Vendors

In this video, industry experts dive into the complexities of vendor risk management and how it impacts business operations. They explore the importance of secure coding practices, the role of third-party vendors, and the challenges of balancing security with business efficiency. With insights on current trends and best practices, this discussion is crucial for anyone looking to enhance their organization’s security posture.

• The Verizon Data Breach Investigations Report (DBIR) is a critical source of insights into cybersecurity trends, with notable findings such as pretexting surpassing phishing in social engineering attacks.
• Vendor management and risk assessment are crucial for MSPs, as the relationships with vendors can directly impact business operations and security. Regular vendor evaluations and having a third-party vendor risk management program are essential practices.
• Understanding and communicating the potential financial and reputational risks associated with vendor breaches are crucial for both MSPs and their clients, involving discussions at the board level to ensure proper risk mitigation strategies are in place.