Tag: third party management tools
Third-Party Management Tools: Even if your organization only features a few third-party vendors, it’s still important to use a management system to stay track of objectives and progress. this technique are often as complex as integrated Third-party management software, or as simple as a well-organized spreadsheet.
Most organizations require their third-parties to finish a questionnaire as a part of the initial onboarding process then repeat the exercise at intervals. When performed manually by exchanging emails and spreadsheets, these assessments are often time-consuming, and lots of security leaders feel they don’t have all of the knowledge needed to hold out an efficient assessment of a vendor’s security posture.
In order to realize transparency and streamline the method of gathering and verifying vendor risk data, security leaders are using technology to automatically validate questionnaire responses with objective cybersecurity data points. Users of some platforms can further target their assessments by utilizing templates that map to specific regulatory frameworks, or by customizing their own to match the danger profile of a given supplier.