Tracking and Mitigating Emerging Threats in Third-Party Risk Management

In business environments defined by large, interconnected vendor ecosystems, it’s extremely hard to identify emerging threats, let alone choose which ones to address. Organizations are overwhelmed by the many indicators of compromise (IoCs) they are alerted to, yet many lack the resources to investigate even a fraction of these alerts thoroughly.

According to a recent survey of IT security professionals, 56% of large companies deal with at least 1,000 cybersecurity alerts daily. With the time and labor cost of investigating a single alert conservatively estimated at $500, organizations can often only triage 4% of inbound IoCs. This leaves third-party risk management (TPRM) teams in a difficult position: they need to determine which IoCs demand investigation and which third parties were impacted by a given exploit, all while managing a large volume of alerts and trying to stay on budget.

Download this whitepaper to learn how to track and mitigate the latest threats in third-party risk management.