The UBS Data Leak: A Wake-Up Call for Rethinking Third-Party Risk Management

In June 2024, global financial powerhouse UBS became the latest victim of a cyberattack—not due to a breach in its own defenses, but through a vulnerability in a third-party provider. The leak exposed sensitive employee data after a ransomware group, LockBit 3.0, targeted a third-party vendor that provided HR and payroll services.This incident is just […]