Security News > 2021 > November > How to handle third-party security risk management

In this Help Net Security interview, Demi Ben-Ari, CTO at Panorays, talks about third-party security risk management and the repercussions of a third-party breach.

Why is third-party security risk management so important?

The better handle you have on your third-party security evaluation and management process, the quicker and easier it will be for you to manage, mitigate and remediate risk, reduce the chances of breaches, ensure vendor compliance, improve your security posture and keep your business running smoothly.

Reduce third- & fourth-party risk - Each third party has its own infrastructure and its own third parties, which are your fourth parties.

What kind of solutions does Panorays offer and what are the qualities of a successful third-party security risk management solution?

Panorays is the only platform that automates, accelerates and scales customers' third-party security evaluation and management process, enabling easy collaboration and communication between companies and suppliers, resulting in efficient and effective risk remediation in alignment with a company's security policies and risk appetite.

News URL

https://www.helpnetsecurity.com/2021/11/19/third-party-security-risk-management/