Security News > 2020 > November > Challenges organizations face in combating third-party cyber risk

A CyberGRX report reveals trends and challenges organizations of all sizes face in combating third-party cyber risk today.

Twenty percent of an organization's third parties are high risk.

Unlike residual risk, inherent risk is the risk absent any security controls, but it is critical in helping organizations identify where to focus their due diligence efforts.

As digital transformation continues to drive increased reliance on third parties, the criticality of third-party cyber risk management will only increase.

Replacing false positives and static assessments with standardized, validated data and insights empowers organizations to better understand their third-party ecosystem and transition from simply assessment collection to robust risk management.

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