Old Ways of Vendor Risk Management Are No Longer Enough

Traditional third-party risk management (TPRM) strategies are inadequate for managing SaaS vendor risk in today’s evolving threat landscape. Organizations must adopt a proactive, data-driven approach, including real-time assurance, tailored assessments, and automation, to effectively address modern security challenges. By embracing these strategies, organizations can enhance their third-party risk management and protect themselves from potential breaches and reputational damage.