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.
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.
When one of your vendors takes a hit, you could take the fall. But do you have a clear picture of your vulnerability?
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.
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.
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.
This white paper addresses some of the most common challenges of implementing, managing, and maintaining key risk indicators (KRIs) within your IT department.
With BitSight for Third-Party Risk Management (TPRM), you can gain immediate visibility into cyber risks within a potential vendor’s ecosystem – enabling you to reduce your onboarding time and costs, and scale your processes to assess and monitor all of your vendors with your current resources.