In today’s global economy, it’s no secret that many organizations rely on third parties for critical business activities. While outsourcing isn’t a new concept, the rise of readily available cloud-based and everything-as-a-service solutions is rapidly increasing an organization’s liability and risk landscape – often with limited IT oversight.
Unfortunately many enterprises relying on third-party vendors often assume that these third parties properly protect their sensitive employee, customer and business data. Sadly, this is not always the case. Consider these data points:
- Only 24 percent of respondents require third-party suppliers or partners to comply with baseline security procedures. 
- Although 84 percent of senior IT decision makers [were] concerned or very concerned about the risks associated with IT security breaches, 55 percent of CIOs have not tested cloud vendors’ security systems and procedures.