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Home White Papers

Third-party risk management strategies: See risk, solve problems, report results

SecurityScorecard by SecurityScorecard
December 29, 2021
Photo by AlphaTradeZone from Pexels

Photo by AlphaTradeZone from Pexels

Third-party risk management (TPRM) is a top business concern—not only as a regulatory requirement but as an operational necessity for organizations working to keep pace with unprecedented change related to digital transformation, the continued evolution of remote work, and interdependencies within supply chains.

McKinsey’s 2020 Global Survey of executives found that organizations are accelerating the digitization of their internal, vendor, and customer-facing operations more rapidly than before the pandemic.

Most teams do not have the time, talent, or budget to build effective, scalable technology solutions in-house. Those who are successfully pivoting with the pace of change are moving beyond fragmented, manual processes and investing in security ratings platforms to automate and streamline their TPRM programs.

This ebook highlights three principles that are key to implementing a world-class TPRM program. Taken together, these practices will move your organization toward a full 360° view of organizational risk—both internally and across your ecosystem.

Click on the link to download this SecurityScorecard ebook.

Related:  3 ways to keep up with the threat landscape in 2022
Tags: McKinseySecurityScorecardthird-party risk managementTPRM
SecurityScorecard

SecurityScorecard

Funded by world-class investors including Silver Lake Partners, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, and cyber insurance underwriting. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.

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