Fortifying Your Supply Chain: Mastering Third-Party Risk Management

Fortifying Your Supply Chain: Mastering Third-Party Risk Management

Since every vendor poses a security risk, organizations must classify them by risk and track the data they manage. Third-party risks can span from a law firm managing sensitive client information to a flower delivery company. A third-party risk program requires a holistic view on third parties and a way to automate the entire life cycle of supplier engagement. Organizations should classify risk using internal and external data to align it with the organization’s risk appetite.

See Also: Live Virtual Summit | Measuring Your Data's Risk & The Cost of Unpreparedness

The session will discuss:

  • The importance of classification, onboarding and continuous monitoring in third-party risk management;
  • The benefits of widespread automation in lieu of manual methods
  • Why every security tool needs to adopt AI methodologies

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