Security News > 2023 > April > A third-party’s perspective on third-party InfoSec risk management

In the complex and fast-moving world of cybersecurity-meets-regulations, working with third parties requires diligent third-party risk management oversight to monitor data management and processes.

Improving InfoSec risk management can provide insights into how data is handled, the security safeguards in place to protect that data, potential security weaknesses, and better adherence to the multitude of data, security, and privacy regulations.

Having visibility into your third parties' risk is critical and the stakes are high - 84 percent of risk management teams have overlooked a third-party issue, according to Gartner.

If you already require your third parties to have industry-wide recognized certifications, hiring a separate third-party risk manager may be unnecessary.

Third-party risk management is more than a checklist, especially when navigating cybersecurity, regulatory, reputational, and operational risks.

Effectively protecting sensitive information, building brand reputation, scaling globally, and compliance adherence are just some of the reasons organizations need to up their third-party risk management game.

News URL

https://www.helpnetsecurity.com/2023/04/24/third-party-risk-management-oversight/