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Inherent risk is the threat a certain element, such as a third party vendor, poses to the organization before executing any mitigation activities. It takes into account how a company is using their third parties, including but not limited to, the levels of engagement with the third party, the amount and types of data shared.
ThirdPartyTrust measures inherent risk based on custom risk categories defined by the user to score each third party vendor, thus helping automate the process.
Chris Gerben
VP of Marketing