A recent report from Deutsche Bank and the Economist Intelligence Unit pointed to a gap in companies' cyber defenses related to the third parties they do business with.

The report, which is based on a survey of 300 corporate treasurers, found that 19% of companies don't check whether their suppliers use the same ID authentication method that they do and 14% don't require that the information security requirements they place on third parties be extended to those third parties' subcontractors.

And while 92% of companies do internal penetration testing, only 38% require their suppliers and other third parties to do such testing.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.

Best Practices
Corporate Finance
Cybersecurity
Technology