Cyber attacks are on the rise, with no signs of slowing down. As companies expand and grow they must be prepared to assess possible vulnerabilities and risks to safeguard their data and assets. This process is known as due diligence. In the cybersecurity context it means taking the time to thoroughly research and evaluate third-party vendors and partners, and ensuring they adhere to the security standards of an organization.

Due diligence refers to the practice of exercising the same level of care as a prudent business or person would in similar circumstances. In a cybersecurity context it is the ongoing efforts an organization undertakes to keep its security in check and to avoid data breaches. Implementing security policies, documenting them, and taking measures to safeguard data and monitoring residual risks are all a part of this. It is also crucial to be aware of the latest legal and industry standards, such as HIPAA GDPR, HIPAA, ISO 27001. ISO 27001.

Lastly, due diligence requires that companies understand and reduce the risk of third party suppliers in their supply chain. This can be achieved by implementing a plan for vendor management that includes monitoring and assessments of risks posed by third parties. It is important to establish high expectations of vendors to ensure they are in compliance with the policies and guidelines.

Furthermore, it is essential to be aware of the dark web that is a closed online community used by cybercriminals to exchange information and execute attack techniques. Monitoring the dark web can assist organizations improve their emergency response strategies and increase their resilience against cyberattacks.

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