Geopolitical risks can result in cyber-attacks, disruptions to business continuity, and reputational damage to organizations and third parties. Organizations can strengthen their control over third parties by establishing contracts, monitoring activities, and conducting risk assessments. Senior management takes steps such as strengthening policies and controls over data processing. In this article, we take a closer look at how geopolitical risks can affect third-party management and how organizations can strengthen their control over third parties.
The NIS2 Directive is new European Union legislation aimed at strengthening cybersecurity in various sectors, including operators of essential services and digital service providers. From October 2024, companies covered by the NIS2 Directive will have to meet certain minimum cybersecurity requirements. This means that companies must assess their current level of security and develop a plan to comply with the Directive. It is important to work with relevant stakeholders, regulators and supply chain partners to ensure everyone is aware of the requirements. Read more about the impact of the directives and requirements in this article.
Small and medium-sized enterprises face various cybersecurity risks when they outsource key business functions to third parties. These security risks are increasing due to the increasing size and complexity of their outsourced business functions, increased regulatory and customer scrutiny, and the sophistication of cyber attacks.
Third-party risk management is an important aspect of cybersecurity for any organization. One way to mitigate risks is by using haveibeenpwned.com, a website that lets you check if your email address or password has been compromised in a data breach. By using this tool, you can identify which third-party services pose the highest risk to your organization and take action to protect your data.
The European Commission has announced plans to strengthen enforcement of GDPR laws. This means that companies that break the law can expect higher fines. The European Commission also wants to give more powers to national regulators to better enforce
Companies that fail to comply with GDPR laws should expect stricter enforcement in Europe. The European Commission has announced plans to strengthen compliance with this legislation and companies that break the law can expect higher fines. The GDPR legislation aims to protect the privacy of European citizens and companies must follow strict rules when it comes to processing personal data.
After the legislation was introduced in 2018, many companies have updated their privacy policies, but violations still occur. The European Commission, therefore, wants to give more powers to national regulators so that they can take more effective action against companies that break the law. This will allow for better enforcement of the GDPR legislation and faster action against companies that break the law.
The European Commission has now begun conducting audits of companies to see if they are complying with the law. This involves looking at the processing of personal data and its security. In addition, the European Commission also wants to improve cooperation between national regulators to ensure better enforcement of legislation.
It is important for companies to be aware of and accurately comply with GDPR legislation. By processing personal data correctly, companies can maintain the trust of their customers and safeguard the privacy of European citizens.
The European Commission wants to make enforcement of the GDPR law stricter, which could lead to higher fines for companies that violate the law. It is therefore important for companies to be aware of the GDPR legislation and comply with it accurately. By complying with this legislation, companies can maintain the trust of their customers and safeguard the privacy of European citizens. As a company, you can choose to work with a specialist in GDPR to get your affairs in order.
Source: AON Verzekeringen N.V.
Published by RiskStudio