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Managing vendor, supplier, and third-party risk helps mitigate excessive costs and threats associated with cybersecurity management, as such, continuous third party monitoring is an imperative aspect of proper vendor risk management. Any third-party risk management program should incorporate a continuous monitoring solution to ensure real-time risk detection and response and avoid the consequences associated with breaches and cyber attacks.
What is third-party monitoring?
Third-party monitoring involves the continuous observation of partner security postures to ensure compliance with constantly shifting regulations and security best practices. In a constantly evolving threat environment, third-party monitoring is critical to maintaining a secure vendor ecosystem and protecting data integrity.
By combining deep security data intelligence with a third-party risk management solution, organizations can gain continuous visibility into the security posture of vendor organizations, helping to ensure the protection of internal systems and data.