Vendors are at the heart of many companies’ operations, and this is only becoming more true. At the same time, the third-party risk management lifecycle has been complicated by new cybersecurity concerns incurred while onboarding new vendors.
Security professionals have therefore shifted focus to third-party security risk management, insisting vendors demonstrate and maintain a strong cyber posture. Yet vendor due diligence can be challenging and tedious. This guide explains how it can be done most efficiently, by:
- Determining criticality and prioritization of vendors through tiering
- Analyzing the vendor attack surface with continuous monitoring
- Quickly generating customized questionnaires tailored to each third party