Many Companies delegate their IT needs, making third parties gatekeepers to key resources, a thought not lost on hackers.
Overseeing third-party risk is paramount for an organisation's security. Regardless of a firm's own safeguards, monitoring and regulating third-party activities is crucial to prevent misuse of access.
Recent data (2021) shows 45% of organisations suffered a software supply chain attack, a risk that continues to escalate annually.
Third-Party Risk Management (TPRM) is a structured and comprehensive methodology designed to handle potential cybersecurity threats.
It is an approach that diligently involves the identification, thorough analysis, efficient control, consistent monitoring, and effective mitigation of cyber risks that might be connected to external entities like vendors, suppliers, and service providers. In an era where information is as precious as any tangible asset.
We follow the below systematic and proven approach: