Companies in the finance industry supply chain are not meeting the same security standards that finance organizations hold for their own businesses, meaning third-party vendors are putting financial firms at risk.

Cambridge, Mass.-based BitSight in its a new report, “The Buck Stops Where? Assessing the Cybersecurity Performance of the Finance Supply Chain,” found a significant security performance gap existed between finance firms and companies in their supply chain. The mean rating for finance companies was at least 30 points higher than the mean of companies in their supply chain.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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