Reducing Third-Party Risk With Threat Intelligence
While third-party relationships undoubtedly add business value, they also introduce significant new risk and compliance challenges for organizations. On top of that, as vendor ecosystems grow in size and complexity, risk management teams are increasingly struggling to procure and maintain high-quality, real-time external data to feed their governance, risk, and compliance (GRC) technology.
Why Third-Party Risk Matters
While many enterprises have taken tremendous strides in recent years to measure and manage the cyber risk present within their own IT systems, they struggle to extend that vigilance to third-party risk.
The Analyst View: State of Cybersecurity Risk Ratings
Cybersecurity risk ratings are rapidly becoming a critical component of third-party cyber risk management programs. Security leaders are beginning to use them to find quantitative data to scrutinize the statements made about security by their third parties, supporting business critical commercial discussions and risk decisions. Increasingly, security leaders are seeking to operationalize this data to build more robust information from which they can base their risk management decisions upon.
How to Quantify and Manage Inherent Risk for Third Parties
Maintaining strong vendor relationships is critical in today’s highly connected and globalized market. But for some organizations, supply chains have become ungovernably large, and the challenges facing procurement and risk management teams are only growing.
VRM: Conducting Pre-Contract Due Diligence in a Digitally Connected World
When one of your vendors takes a hit, you could take the fall. But do you have a clear picture of your vulnerability?
ProcessUnity Vendor Cyber Intelligence (VCI) with BitSight
ProcessUnity’s Vendor Risk Management software protects companies and their brands by reducing risks from third-party vendors and suppliers. Our program helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding
to termination.
The Risk Cloud: The Next Frontier in GRC
Companies that use compliance technology saved an average of $1.45M in compliance costs in 2019. Additionally, integrated risk management programs
achieve higher growth than less integrated programs, according to a 2019 risk management survey from Deloitte.
Enterprise Risk Management and the Modern Organization: A View From The Top
Do enterprise risks keep CEOs awake at night? According to the 100 CEOs who participated in LogicGate’s inaugural Enterprise Risk Management survey, the answer is an emphatic—if slightly groggy—YES.
