BRANCHBURG, N.J.--(BUSINESS WIRE)--Hiperos:
ISSUE: In the past 11 months, two major retailers have suffered from major data breaches resulting in nearly 100 million stolen email addresses. Earlier this year Target confirmed that the source of its breach was, in fact, one of its HVAC vendors. Yesterday Home Depot disclosed in a news release that its recent breach was also triggered by hackers using stolen credentials from a third party to enter the retailer’s network. While these situations have everything to do with cybersecurity, the elephant in the room that is yet to be adequately addressed is third-party risk: How can you implement appropriate cybersecurity if you have no idea that your third parties even have access to your IT systems?
SOURCES: Hiperos CEO Greg Dickinson and Vice Chairman Michele Flynn can address the challenges that companies face in understanding and assessing who they are doing business with, and what risks third parties pose, to then be able to ensure proper precautions are taken to fend off data breaches like those that affected Home Depot and Target. Dickinson and Flynn can discuss how companies need to gain visibility into who their third parties are and what business services they provide before they can manage the risks associated with specific threats. Hiperos’ software solutions minimize the risks of using third parties while maximizing the value they provide.
WHEN: Now
About Hiperos
Hiperos, an Opus Global company, is the leader in Third-Party Management software connecting over 300,000 third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, manufacturing, real estate, pharmaceuticals, and technology. The company’s flagship product, Hiperos 3PM™, is the only solution in the market that is purpose-built to simultaneously minimize the risks of using third parties while maximizing the value they provide. Implemented by the global 2000 and business consortiums to address their expanding third party management requirements, Hiperos 3PM™ has become the industry’s most widely used SaaS-based solution. The winner of industry awards and accolades for the proven value and low cost of ownership it delivers, Hiperos 3PM™ enables companies to protect their brand and revenues by implementing an automated, consistent approach to third party onboarding, measurement, monitoring and controls, throughout their lifecycle. Hiperos’ clients include many of the world’s leading companies such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Halliburton, Huntington Bank, JLL, Kraft Foods, Mondelez, Microsoft, News Corporation, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies. For more information, visit http://www.hiperos.com.
