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January 28 is Data Privacy Day, an international effort to empower users and encourage businesses to ‘respect privacy, safeguard data and enable trust.’ In an increasingly data-driven world, you need to make sure your company is going the extra mile to protect your customers and users. That means keeping an eye on your third-parties that…
DetailsA third-party risk management dashboard is fundamental for understanding the risk environment within an organization and making informed decisions. When presenting to the board, you probably want to show high level KPIs and insights, and explain the overall health of the program. In this blog, we go through 5 key indicators you should monitor in…
DetailsThird-party risks continue to be a serious cybersecurity threat, so properly assessing a third-party is paramount to any risk management strategy. According to Gartner, 71% of organizations reported their network contains more third-parties than it did three years before. This number is expected to grow even larger in the next few years.
ThirdPartyTrust, a network-based third-party risk management platform that allows enterprises and third-parties to simplify third-party risk processes, today announced a $4.45M seed round led by Capital Midwest Fund, a Milwaukee-based venture capital firm and Cultivation Capital, a St. Louis-based venture capital firm. ThirdPartyTrust has raised $5.55M in funding to date.
Companies can have upwards of a thousand third-parties and it is important to be able to differentiate and categorize each one of them. To that end, inherent risk takes into account how a company is using their third-parties and what risk do they pose to the organization. In this blog, we’ll explain how to calculate…
DetailsWhen you are deciding to create a framework for your Third-Party Risk Management Program you need to take the following into consideration:
