What is Third-Party Compromise Assessment?
As organizations increasingly rely on external vendors for critical products and services, they must protect their assets and operations from third-party risks, including unauthorized access and use. Third-party compromise assessment helps organizations proactively assess the impact of an external threat, incident, or vulnerability both on third parties and their own organization, so they can prepare for and minimize their operational impact.
Third-Party Compromise Assessment Application in Risk Cloud
Risk Cloud™ is a cloud-based platform with a suite of pre-built Applications that transforms the way you manage GRC processes by combining expert-level content and service with easy, no-code technology.
Risk Cloud’s Third-Party Compromise Assessment Application helps organizations determine the potential impact of external vulnerabilities or incidents, so they can proactively manage risk. This Application provides a central register of third-party relationships and details of any identified external vulnerabilities. Using automated workflows, organizations can require completion of compromise impact assessments by their third parties. Once the assessment is completed, organizations can determine if mitigation or remediation is required.
