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Vendor management: The key to productive partnerships

CIO Business Intelligence

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

Bank of America is notifying customers that their personal information was compromised in a data breach impacting Infosys McCamish Systems (IMS), a third-party vendor. According to breach notification letters , the exposed customer data includes names, addresses, Social Security numbers, dates of birth, and financial account details.

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Netflix Hack: Key Lessons In The Economics Of Ransomware And Managing 3rd Party Risk

Forrester IT

The data lost is Season 5 of Orange is the New Black, which is original Netflix content. Enterprise Risk Management. Governance Risk and Compliance. third party data. vendor management. Netflix recently experienced a third-party breach. I guess that is right, but how bad is it really? Ransomware.

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Fortinet expands security lineup with sovereign SASE

Network World

A challenge for some enterprise adopters, however, is a lack of control, as some SASE technologies rely on a vendor managing data in the cloud. The network security vendor unveiled a sovereign SASE technology that it says will provide organizations with more control than a typical SASE deployment.

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Key considerations to cancer institute’s gen AI deployment

CIO Business Intelligence

That included setting up a governance framework, building an internal tool that was safe for employees to use, and developing a process for vetting gen AI embedded in third-party systems. Proactive governance The governance framework came first. So DFCI took three main steps to deploy gen AI in a controlled way.

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CIOs eye SaaS backup plans post-CrowdStrike

CIO Business Intelligence

One such area that’s getting more thought today is SaaS backup and recovery, something many CIOs have to date taken for granted, leaving it to their SaaS vendors to not only deliver better than five-nines uptime but also be the sole entities backing up and recovering SaaS-siloed data that is increasingly vital to companies’ data-driven operations.

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CIOs take aim at SaaS sprawl

CIO Business Intelligence

According to IDC SaaS Path research from 2023 , 67% of businesses with more than 1,000 employees have employed a SaaS management platform, says IDC analyst Frank Della Rosa — a market category that includes a broad array of options, such as Productiv, Zylo, Flexera One, Blissfully, Torii, BetterCloud, Zluri, Apptio, and LeanIX, among many others.