Third-party risk management (TPRM)  is complicated. Businesses are relying on a rapidly growing number of third-party vendors and suppliers at the same time as third-party data breaches and cyber attacks targeting vendors are escalating. As a result, companies are also dealing with increased regulatory pressure and scrutiny around third-party risk management from various government bodies. 

Unfortunately, organizations that scramble to meet heightened compliance requirements often do so without first making sure they have a strong security foundation in place – and get caught in the trap of thinking that because they’re able to show compliance, they’ve achieved security. Nothing could be further from the truth.

Protecting your business from third-party risk needs to start with your own systems and people and requires participation from all levels to: 

• build a comprehensive view of your third-party vendor ecosystem,
• compile maps of everywhere data flows through your operations,
• and put the right policies and procedures in place to protect your data, systems, and operations – from internal risks as well as those posed by your vendors. 

Our Third-Party Risk Management Guide shows you what you need to do to – first and foremost – strengthen your security posture against third-party vulnerabilities, and second, set you up for compliance success at the same time.