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Hiperos to Talk Vendor and Third-Party Risk Management at RSA Conference 2015Hiperos, an Opus Global company and the leading provider of third-party management software, today announced details of its participation at the upcoming RSA (News - Alert) Conference 2015, the world's largest information security event, taking place April 20-24 in San Francisco. Hiperos executives will be on hand at South Hall Booth S446 to discuss the growing challenge for companies to proactively identify, assess and manage vendor risk, the impact on a company's information security protocols, and the cost to an organization's reputation and bottom line. Security breaches are increasingly occurring via a company's vendors and other third parties. Thirty-two percent of all breaches in 2014 occurred as a result of external attacks targeting a third-party supplier (a Top 3 attack vector), according to Forrester's (News - Alert) Business Technographics Global Security Survey, 2014. Despite growing reliance on vendors and other third parties, organizations are inconsistent in their information security protocols: A survey of 40 banks published in April 9 by the New York Department of Financial Services found that only 46 percent required any onsite assessments of third party vendors, and only 36 percent mandated information security requirements to be extended to any subcontractors or fourth parties. "Despite cyber security breaches reaching crisis proportions, companies continue to struggle to secure a growing portion of their business-their third parties," said Greg Dickinson, CEO of Hiperos. "Our research shows that a staggering 90 percent of companies don't know who their third parties are and what business they're doing with them. Conventional information security measures and GC tools have lulled companies into a false sense of security. Without knowledge of the problem and proper security protocols in place, companies can't categorize the level of risk or take appropriate action based on each particular situation. They'll leave themselves open to attacks that cause harm to company revenue, reputation and regulatory profiles." At RSA Booth S446, Hiperos will demonstrate its flagship product, Hiperos 3PM™, which is purpose-built to enable organizations to address the complex problems and opportunities associated with identifying, assessing, engaging, optimizing and leveraging their thousands of third parties and third-party relationships. Of note for RSA Conference attendees from highly regulated industries like financial services, Hiperos executives will have rich insights to share on the heels of its Financial Services Regulatory Knowledge Forum on Third Party Management. At this event hosted by Hiperos last month in Washington, D.C., 100+ banks came together with representatives from three regulatory agencies - the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB) and the Consumer Financial Protection Bureau (CFPB) - to address changing requirements for third-party management within financial services industry. To meet with a member of the Hiperos executive team or schedule a demo of Hiperos 3PM, please contact Michael O'Connell or Gaby Berkman at [email protected].
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