Risk Management for Cyber Security Managers - Third-Party Cyber Risk Management

The video discusses the complexities of third party risk management, emphasizing the importance of understanding and mitigating risks when sharing data with external parties. It highlights the growing threat of supply chain attacks, using the SolarWinds incident as a case study. The video explains the concepts of inherent and residual risks in cyber risk management and stresses the need for a structured approach to manage these risks effectively. The session concludes with a preview of the next video, which will cover practical steps for implementing third party cyber risk management.

Why is it important for cyber risk managers to be aware of supply chain attacks?

Differentiate between inherent risk and residual risk.