As organizations grow, the number of vendors on which they rely increases to form a complex ecosystem. Many cyber attacks, however, are launched through third-party vendors. In addition, compliance with regulations requires an understanding of the risks posed by ecosystem partners. To reduce third-party cyber risk and protect company data as it leaves the corporate network, organizations need processes and solutions that leverage automation, allowing security and risk managers to focus on the most imminent risks.
STEPHEN BOYER, CTO of BitSight, explains how organizations can incorporate automation to develop more mature vendor risk management programs.
