Have you had difficulty executing continuous risk monitoring within your third-party risk management (TPRM) program? Or maybe you don’t see the need to update strategies and approaches that are mostly working? Or perhaps you’re just not totally sure what continuous monitoring should even look like these days?
If any of this sounds familiar, you’re in the right place. The concept of continuous monitoring has been around for years, but many security teams hold outdated views on what it entails, what it takes to implement, and more.
At Black Kite, we believe that companies can achieve continuous risk monitoring for better decision-making within their TPRM programs with the right mindset, strategy, and tools.
If you’d like to assess, implement, or improve your approach to continuous risk monitoring but don’t know where to start, check out our resources below.
Blog: why traditional third-party risk management programs aren’t cutting it
There’s a reason that most business communications today happen over email or Slack — these days, faxing files would just be too slow. Similarly, organizations need to upgrade their TPRM programs with more agile, modern tools than questionnaires and static risk scores to achieve the agility that today’s fast-paced threat environment requires. Check out this blog for more on why traditional third-party risk management programs fall short in today’s rapidly evolving risk landscape.
Blog: Do Third-Party Risk Management the “Right Way” — And Save on Costs
With tight budgets and lean teams, security leaders may face an uphill battle in asking for additional investment for new programs or tools. However, when it comes to TPRM, choosing not to invest can actually be the most costly choice in the long run. Check out our blog on doing TPRM the “right way” for insights on how a strategic initial investment in TPRM can save your company big bucks down the line.
What You Need to Reduce Third-Party Cyber Risk
If questionnaires and risk scores only provide a partial view of risk, then what does a TPRM program need to gain a full view of risk? Dive into our eBook to discover the role compliance, ransomware susceptibility, risk quantification, cyber threat intelligence, and other critical components should play in your defense strategies to effectively reduce third-party risk.
The Ultimate Guide to Building a Third-Party Risk Program
If you’re ready to take action and strengthen your third-party risk program, this resource is for you. In this guide, we’ll dive into five steps you should take to build out and modernize your third-party risk management program, including: Determining your vendor scope; identifying the right risk scenarios; calculating financial impact; applying resources to high-risk vendors; and monitoring continuously for changes.
COMING SOON – How Mature is Your Third Party Risk Program?
Are you a TPRM savant or more of a novice? Identify where your TPRM program ranks in maturity with our multiple-choice quiz. Answer each question and tally up your score to identify the strengths and weaknesses of your existing TPRM program and get recommendations on areas to improve.