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This guide illuminates the crucial process of assessing and quantifying cyber risks in the modern business landscape.

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Today’s challenging business climate – with its growing uncertainty, greater complexity, and increasingly disruptive cyber threats – has been a wakeup call to improve third-party risk management (TPRM). For these reasons, organizations are looking for ways to improve their approach.

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In this guide, we’ll look at the shifting context that is driving the need for stronger TPRM, and steps every organization can take to improve and maintain their third-party risk profile.

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The 2023 RiskOptics Cyber Risk Viewpoints Report was conducted in March 2023 to understand current challenges companies are facing involving cybersecurity and IT risk, as well as steps organizations are taking to combat this risk.

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The frequency and severity of third-party breaches are on the rise: An estimated 90% of organizations were impacted by a supply chain cyber security breach in 2022. Organizations rely on third-party suppliers for products and services necessary to operate; however, these relationships inherently introduce risk to the organization.

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While data breaches are commonplace, occasionally there’s an attack so audacious that its impact reverberates long after the initial jolt. Such was the case with the SolarWinds supply chain breach, in which a nation-state surreptitiously inserted eavesdropping malware into an Oklahoma software maker’s IT performance management solution used by governments and major enterprises.

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Safeguard your organization from risks and vulnerabilities associated with third-party access.

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Discover the hidden risks of third-party access and the dependence of modern businesses on external vendors.

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