The State of Cyber Risk Management in the Tech Industry [Infographic]

1 minute read

May 2023

by cybergrx

Risk represents the potential for damage when a threat source exploits a vulnerability. In the case of cyber risk, it encompasses all the potential threats that are just waiting for the chance to wreak havoc on an organization’s systems and networks. Because, as all cybersecurity professionals know, the repercussions of a breach can be catastrophic.

Technology is a highly competitive industry, and managing cyber risk is becoming table stakes. After all, a breach has the power to jeopardize a tech company’s financial stability, disrupt operational continuity, erode competitive positioning, and shatter the trust built with customers and stakeholders. 

Robust cybersecurity measures can also differentiate a company from its competitors. As part of their own third-party risk management program, your customers and business partners prioritize working with companies committed to protecting sensitive information and operating securely. 

So, how does the technology industry fare in the face of these challenges?

This infographic provides an overview of the present state of cyber risk management within the technology sector and the challenges of the tech cyber landscape.

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ProcessUnity is the Third-Party Risk Management (TPRM) company. Our software platforms and data services protect customers from cybersecurity threats, breaches, and outages that originate from their ever-growing ecosystem of business partners. By combining the world’s largest third-party risk data exchange, the leading TPRM workflow platform, and powerful artificial intelligence, ProcessUnity extends third-party risk, procurement, and cybersecurity teams so they can cover their entire vendor portfolio. With ProcessUnity, organizations of all sizes reduce assessment work while improving quality, securing intellectual property and customer data so business operations continue to operate uninterrupted.