Managing vendor cyber risks in governance strategy

Modern businesses face rising cyber threats through their expanding networks of vendors, contractors, and service providers. Studies show 47% of organizations experienced third-party-related data breaches in 2024, leading to fines and severed vendor ties.

This blog outlines a framework for integrating third-party cyber risk management into governance strategies, addressing gaps in traditional security measures:

• A five-part framework for vendor visibility, risk tiering, and assessments
• Continuous monitoring beyond point-in-time reviews
• Scalable technology solutions for managing complex vendor ecosystems

Read the blog for actionable strategies to strengthen third-party cyber risk governance.