In today’s interconnected digital economy, every business engages with other organizations for goods and services. Our ecosystems are more global and more diverse than at any previous point in history. And while these relationships often come with great benefits, they can also come with great risk if not properly managed.
A Ponemon Institute study found that 59% of companies were affected by a cyberattack through third-parties and only 16% are confident that they effectively mitigate third-party risks.
It’s sobering to think about those numbers and the amount of risk businesses are accepting from their supply chain. Furthermore, if you consider that each of those suppliers is also likely accepting a certain amount of risk from their own supply chain – it quickly becomes quite concerning.
Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.