Cyber-Accountability Market Report: A Look At Third-Party Risk Management

Businesses have been given a revised charter – call it digital transformation, an innovation culture, or simply enterprise change – to create long-term value, competitive advantage, and derive new cost savings for shareholders. To meet these objectives, organizations are increasingly reliant on third-party vendors, suppliers, and service providers to scale efforts beyond current personnel headcount.

Third party partnership has been accelerating in terms of how enterprises do business today. This is especially true as enterprises must be compliant with various federal and state regulations. Data mismanagement is no longer a reflection of the enterprise security perimeter, but extending to include data sharing over new technologies and third-party services. Enterprises must address the growing requirements in data sharing and risk monitoring. Initial approaches must evolve beyond data collection and drive change in vendor behaviors.

This Cyber Security Hub Market Report highlights:

• The business case driving third-party enterprise risk management
• Examples of data breaches where due diligence and partner risk management could have contributed to a different outcome
• Shared responsibility for a data breach
• Estimating the financial impact of a data breach
• Third-party risk assessment frameworks
• The role of InfoSec in data loss mitigation
• Steps to assess current third-party relationships

Read the full report "Market Report – Cyber-Accountability: A Look At Third-Party Risk Management," to see how your enterprise can build a strategy for third-party risk management that aligns with the overall business and cyber strategy.