HSCC Unveils SMART Toolkit to Help Map Third-Party Risks
bankinfosecurity.com
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Contributed by: Drex DeFord
Summary
The Health Sector Coordinating Council (HSCC) has launched the SMART toolkit, a free resource aimed at helping healthcare organizations manage third-party risks associated with vendors and critical services. Developed over 16 months with input from 80 organizations, this toolkit provides tailored methodologies to measure systemic risks and encourages organizations to define "materiality" specific to their operations. By shifting focus to high-impact third-party relationships, the SMART toolkit aims to improve organizational preparedness for cybersecurity threats and optimize resource allocation. This initiative underscores the critical need for personalized risk assessments in the increasingly complex healthcare landscape.
