Organizations of any size go through various vendors to keep operations running and without proper controls in place, leaves organizations vulnerable to third-party breaches that may result in loss of data, downtime as well as financial losses. While third-party risk management is not a new concept, the risk of cyberattacks today is even greater as companies accelerate their digital capabilities post-pandemic. It is important for organizations today to not only focus on cybersecurity but also cyber resilience, especially in third-party risk management.
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