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.
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