10 Ways To Lock Down Third-Party Risk

Experts share ideas for closing potential security holes that leave organizations open to attack.
1. Align the third-party program to the company’s culture, potential threats and risk aversion level.
2. Implement strong internal governance systems and policies.
3.  Identify an inventory of third party vendors.
4. Understand the stability and health of the third-party.
5. Regulatory compliance does not necessarily mean risk management.
6. Stop looking for a silver bullet, but that doesn’t mean technology can’t help.
7. Negotiate improvements in the third party’s controls.
8. Scrutinize your risk assessment findings.
10. Practice open communication.
10. Practice open communication.
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Robert Lemos, Contributing Writer, Dark Reading
Robert Lemos, Contributing Writer, Dark Reading
Dark Reading Staff, Dark Reading
Jai Vijayan, Contributing Writer, Dark Reading