What should be making those within finance sit up and think is that research by the Ponemon Institute suggests that around two-thirds of cyber attacks are linked to third parties in the supply chain, such as payroll and other external providers.

No business is an island and we all have to work with third parties in one capacity or another. For instance, businesses are likely to share resources online with a number of third parties such as vendors, potential new clients, new partners or acquisitions. Also, as organisations look to expand or improve efficiencies, they are likely to employ outside contractors.

Malcolm Taylor, director cyber advisory, ITC Secure offers guidance in this area in today’s lead article