Only 52% of companies have security standards for third parties, and an average of 89 vendors are accessing a company’s network per week. The most important thing you can do to avoid a cybersecurity breach is to implement a third-party risk management (TPRM) program. Putting an actionable program in place to assess third-party and vendor risk can have a major impact from the beginning.
Third-party risk management (TPRM) provides a function for your firm to identify, monitor and manage the cybersecurity risks associated with third parties, such as:
PsyberCann's TPRM solution provides powerful, automated solutions for businesses ready to kick off their TPRM program. Our preferred platform identifies security issues across 10 risk factors and provides instant and continuous visibility into the cyber health of your third- and fourth-party vendors in addition to your own IT infrastructure.