Third parties present risks that can have significant negative impacts on your organization, including data breaches, reputational damage, regulatory violations, and financial losses. Assessing and monitoring these risks is complex, time consuming, and resource intensive, often leaving you with significant gaps in risk visibility across your third-party ecosystem.
The data is clear:
- More than two-thirds of companies have immature third-party risk management programs
- Three in five organizations are using manual processes to manage and monitor their third parties
- Third-party security incidents have impacted nearly three-fourths of business in the last three years
Download this infographic and learn how to actively screen and monitor your third parties in the OneTrust Third-Party Risk Exchange.