Cyberattack on Red Cross endangers confidential info of 515K people

The Red Cross reported that a cyberattack on a third-party contractor compromised the data of over 515,000 people, including highly vulnerable individuals. The attack serves as a reminder of the potential risk factors associated with business associates. This incident highlights the importance of ongoing and mature third-party risk management. The Red Cross appealed to the attackers not to misuse or share the data. Third-party attacks can have long-term ramifications, as seen in previous incidents within the healthcare industry. It is crucial for organizations to prioritize implementing comprehensive third-party security risk processes.