Today, small businesses rely on third-party vendors for everything from cloud storage to payment processing. While these partnerships may improve efficiency and enhance growth, they also introduce significant cybersecurity risks. A single vulnerable vendor can expose an entire business to data breaches, regulatory fines, and reputational damage.

Vendor Risk Management (VRM) is critical because it helps companies assess, monitor, and mitigate cybersecurity threats from external partners.
This blog outlines why vendor risk management is critical, how small businesses can assess their vendors, and best practices for reducing third-party cyber threats.

Small businesses are just as vulnerable, if not more so—than large enterprises when it comes to cyber threats. According to recent reports, with approximately 43% of cyberattacks targeting small businesses, it’s clear that no organization is too small to be hacked. Many small businesses lack the resources or security practices to defend against these attacks, making them easy targets.

A cybersecurity audit is one of the most effective ways to assess, strengthen, and maintain your business’s security posture. Regular audits help identify vulnerabilities, ensure compliance, and prevent costly breaches. Here’s why small businesses should prioritize cybersecurity audits and how they can help protect sensitive data, customer trust, and overall business continuity.