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Variety reported the upcoming fifth season of Netflix's "Orange is the New Black" was leaked due to a security breach at Netflix's post production studio. The hacker is also threatening to release new episodes of shows from Fox, ABC and other networks who use the same third party vendor, with the potential loss of millions of dollars at stake. Comment as below:


According to Brad Keller, Senior Director of 3rd Party Strategy at Prevalent, Inc. (Warren, NJ), the leading developer of third party vendor management solutions: "What this highlights is the very real fact that managing risk at third-party vendors isn’t limited to regulated industries like Banking and Healthcare. Outsourcing critical services has become a way of life for companies in all industries, making the need to manage third-party risk a universal requirement. The debate over whether to pay ransom demands shouldn’t divert attention from the need to proactively manage all of the risks presented from outsourcing.

In addition to customer data and access to sensitive systems, those risks include: protecting all forms of intellectual property, merger and acquisition information, litigation strategies, and any other information a company wants/needs to protect. While this was a hard lesson learned for Netflix, hopefully it will cause other companies to take a closer look at what they may have at risk at their vendors."

Since 2011, Prevalent has been solving third party risk management issues for customers in the healthcare, financial/legal and higher education industries as well as for Fortune 500 Companies in biotech, digital payments, health benefits and more. Prevalent's Synapse Exchange provides a standards-based, scalable way to assess and manage literally thousands of third party vendors. Last November, Prevalent raised $60 million in Series C funding led by Insight Venture Partners, and in February was named the Fastest Growing Cybersecurity Company in the Cybersecurity Excellence Award's 50-100 employee category.