With the current push for digital business transformation, organizations are increasingly dependent on external parties, increasing their vulnerability to vendor cyber risk. Because many vendor risk management programs are developed as tactical responses to ensure compliance with a growing list of data privacy and cybersecurity regulations, they often result in labor-intensive and inefficient processes that deliver marginal productivity or value.
Industry best practices for effective Third-Party Cyber Risk Management can help improve your own program, and enterprise cyber risk solutions can further provide cyber defense for your third parties. The BlueVoyant Terrain: 3PR for Third-Party Cyber Risk Management service helps protect clients by identifying, managing, and remediating security risks posed by their third-party vendors and suppliers. By continuously monitoring a client’s supply chain across their ecosystem through our Risk Operations Center (ROC), BlueVoyant can help identify cyber risks that could impact the client and their partners.