Third-party relationships have become a critical vulnerability point – with 54% of security breaches occurring via third-party relationships, according to VentureBeat. To mitigate these risks, it is vital to modernize your vendor assessment process and protect your organization from evolving third-party risks.
This infographic outlines five fundamental steps to building a modern third-party risk management program, including how to:
- Build a risk-based vendor classification system that prioritizes critical relationships
- Reduce assessment times and costs by leveraging existing vendor exchanges
- Validate vendor responses using external intelligence data for enhanced security
Download the infographic to discover all five steps and more.
