Having the capacity to use a FAIR assessment at scale for third-party risk management (TPRM) will elevate your risk management program and help you communicate the probable financial impact of potential cyber incidents in business terms. This tool will help attain the goal of cost effectively achieving and maintaining an acceptable level of loss exposure, while also clearly conveying the breadth of risks factors across the organization.

In this paper, we explain how to mature your third-party risk management program with Black Kite’s FAIR-based Financial Impact Assessment step by step.