Five Takeaways From the Fiserv Wake-Up Call

A software vulnerability recently identified at Fiserv served as another wake-up call for the financial industry that the security practices of third parties handling customer information are just as vital as measures taken in-house. Experts agree that outsourcing certain tasks remains efficient and effective, but have emphasized the importance of using bug bounty programs and effective vendor vetting and oversight. We provide five takeaways from the Fiserv vulnerability discovery with insight from both technical and legal experts. See also “How to Maintain Effective and Secure Long-Term Vendor Relationships: Understanding the Risks (Part One of Two)” (Jun. 20, 2018); Part Two (Jun. 27, 2018).

To read the full article

Continue reading your article with a CSLR subscription.