Is your third party risk management (TPRM) program request-driven, or intelligence-driven?
This is the question all security operations teams should be asking themselves as technology advances and automates old ways of doing things. In the question above, the former relies on people doing the “right” things to follow the process, usually manually; the latter, however, scales with continuous learning from rich data.
With this approach in mind, ThirdPartyTrust recently announced the integration of our TPRM tool with Netskope, a provider of cloud-native solutions for cloud, data, and network security. The integration provides customers with unrivaled visibility and real-time data on usage of cloud services, websites, and private apps from anywhere, on any device across the network.
As businesses increasingly move to the cloud, the edges of the corporate network extend, and perimeters fade as quickly as the distinctions between work and home. To face the challenges of embracing the cloud (and remote work), organizations need to leverage more intelligence, more automation, and better integrations.
The integration serves multiple use cases:
Netskope automatically exports these rich event logs into the ThirdPartyTrust TPRM platform, so clients can extend their depth of visibility and context. This provides a 360° view of your vendor ecosystem, including third and fourth parties, with inside out perspective and insights into the most prized data and who has access to it.
Netskope intelligence is a force multiplier for your TPRM program, where results can be used to enhance controls and configuration. You will benefit from an authentic risk engine that continuously learns from internal and external data processing (impact, user behavior, service interactions, transactions, etc.).
To leverage this data, ThirdPartyTrust users need to simply click a button to add newly discovered vendors to their managed inventory and overall TPRM process.
Consider a shadow IT use case. Netskope will discover unknown vendors with access to your network and allow you to:
Today’s business applications are complex, especially when third and fourth parties come into play. When you assess one vendor, you may need to assess many more to make sure your organization is not exposed to unnecessary risk.
Many areas work toward that same goal, such as GRC, IT Security, DevOps, Operations, and even Legal and Procurement. The problem is these teams only look at one piece of the puzzle when executing their programs, and rarely collaborate. As a result, security and risk data that could be shared and used to understand and prioritize risk across business areas, is siloed.
Only a data-centric approach that’s based on intelligence can empower teams to send and ingest data, metadata, and logs to and from different tools and processes, to improve the overall security of the business and reduce risk across all fronts. That’s what we call intelligence driven third party risk management: one that changes the paradigm providing an inside out perspective, with added visibility and context to risk.
By moving data from one place to another, bi-directionally from Netskope to ThirdPartyTrust, you will be able to:
Gain an inside-out perspective to scale the oversight of your digital supply chain growth.
Create a rich data bridge between Security and GRC teams to work on actionable findings.
Solve shadow IT by detecting which applications are being used and by how many users.
With attacks increasingly being sourced in the cloud, organizations are viewing cloud services and endpoints as the most critical control points for security. To enhance your ability to protect endpoints based on cloud discoveries and vice versa, TPRM by ThirdPartyTrust partnered with Netskope to provide comprehensive visibility and control of cloud services, plus adaptive third party risk management controls and automation.
This integration is immediately available to ThirdPartyTrust customers already using the TPRM tool. Aspiring customers, and/or current Netskope customers, can contact ThirdPartyTrust associates to see the integration in action, and begin to learn how it can help their organization.
ThirdPartyTrust is a third party risk management platform for companies and vendors to perform assessments, automate risk and compliance workflows, and share security documents. ThirdPartyTrust gets programs out of email and spreadsheets and accelerates risk assessments through automation and centralized communication. Customers can get a holistic view of their vendors’ security, quantify their impact, and gain insight into fourth parties, ultimately fostering more secure digital supply chains. Vendors can build a single, centralized security profile comprising all their questionnaires, certifications, and attestations so they can answer them once, and easily share them.
For more information, visit www.thirdpartytrust.com
Netskope, a global cybersecurity leader, is redefining cloud, data, and network security to help organizations apply Zero Trust principles to protect data. The Netskope Intelligent Security Service Edge (SSE) platform is fast, easy to use, and secures people, devices, and data anywhere they go. Netskope helps customers reduce risk, accelerate performance, and get unrivaled visibility into any cloud, web, and private application activity. Thousands of customers, including more than 25 of the Fortune 100, trust Netskope to address evolving threats, new risks, technology shifts, organizational and network changes, and new regulatory requirements.
For more information, visit www.netskope.com
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