While organizations may acknowledge the risk that third parties pose to their business, managing a third-party risk program is difficult, resource intensive and costly. A recent study shows 76% of organizations suffered incidents caused by third-party vendors between 2018-2020.
The sheer volume of third parties which companies interact and share data with continues to grow as digital transformation increases the speed and reach of organizations. The need for automation, global scalability and advanced, real-time services is wider than ever. And yet, 84% of organizations still struggle to implement the proper balance of people, process and technology to effectively manage this risk.
Cyber Security resource offers third-party risk management (TPRM) services that mitigate risk by assessing relationships, business profile, cyber and control risk through customizable workflow automation, industry-specific compliance standards, and a business-centric strategy. Our team assesses vendors and guides your focus to significant risks. Cyber Security Resource can manage operational aspects, or fully manage your program – allowing your staff to focus on high impact risk decisions and remediation.
