Third-party/vendor risk management is essential to ensure that vendors do not become the weak link in your security chain. However, gaining visibility into supply chain risks is very difficult and organizations often rely on control self-assessment questionnaires in the belief that compliance with a standard or policy minimizes risk.
Furthermore, the threat of exposure from vendors/third parties has continued to grow, especially during the pandemic. This has been on the upswing for several years, but 27 percent of respondents to an early 2021 Deloitte survey said they had a “high-impact third-party risk incident”.
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.