Mastering the Third-Party Risk Management Lifecycle

Managing third parties is more than a one-time assessment. It is a relationship that must be managed throughout the third-party risk management (TPRM) lifecycle, from screening, onboarding, assessment, risk mitigation, monitoring, and offboarding. There are areas for automation throughout the lifecycle that can help your organization streamline workflows and scale its TPRM program and workflows, saving time, resources, and reducing risk.

The importance of the role that the third party and third-party risk assessments play in maintaining a strong security posture across the organization is magnified. Many organizations aren’t appropriately assessing third parties (and in some cases, aren’t at all). As a result, security teams have little visibility into what the third parties the organization uses, how it use them, and what measures those third parties have in place to protect data. This leads to an increased risk in cybersecurity, privacy, ethics and compliance, and environmental, social, and governance (ESG) concerns.

In this ebook, you will learn: