Third-Party Cyber Risk Management focuses on managing and mitigating risks originating from an organization’s vendors, suppliers, and business partners. As companies increasingly rely on an interconnected vendor ecosystem, their exposure to cyber threats extends far beyond their own network perimeter. All third parties with access to their systems or data are now in scope. Due to this expanded attack surface, vendor monitoring has become essential for avoiding data breaches.
One of the most significant threats in third-party risk management is the potential exposure through data leaks and ransomware attacks targeting vendors. When hackers compromise a vendor’s systems, they often exfiltrate sensitive data belonging to the vendor’s customers. This often includes company files or credentials used to access the customer’s systems. By continuously monitoring dark web forums, ransomware blogs, and data leak sites for evidence of vendor compromises, organizations can take immediate action to mitigate risks associated with their vendor’s breach.
Third-Party Cyber Risk Management
Real-Time Third-Party Cyber Risk Management
Continuously monitor third-party risks to your organization, identify leaked credentials and company data in real-time. Mitigate risks from your vendor ecosystem with unrivaled threat intelligence.
Book a demo
What is Third-Party Cyber Risk Management?
Early data breach detection
Get alerts when your data is exposed in your vendor’s breach. The sooner security teams are notified, the faster they can remediate the risk.
Identify third-party risks
Your supply chain introduces risk to your business. With Breachsense, you gain visibility into vendor risk across your supply chain.
Remediate critical issues fast
Identify third-party risks in real-time. Remediate the risk before threat actors can exploit the issue.
Monitor Third-Party Risk with the #1 Platform Trusted by Great Companies from All Over the World
Our team uses Breachsense data to gain initial access during pen testing and red team engagements. The API is simple to use and the support is always helpful and responds quickly.
Gordon Maddern
Technical Director, Red Cursor
Our Security Colony platform relies on Breachsense data as part of our dark web monitoring service. The data is continuously updated and high quality. Highly recommend!
Nick Ellsmore
SVP Professional Services, Trustwave
We rely on Breachsense for a lot of data. Their frequent database updates, constant availability, and handling of big and small breaches alike means we are always covered.
Bill Mathews
CTO, Hurricane Labs
Breachsense Is Perfect For
Penetration Testers
Red Teams
Enterprise Security Teams
Incident Response Analysts
M&A Research
Frequently Asked Questions
Who is responsible for Third Party Risk Management?
In most organizations, third-party risk management (TPRM) is a shared responsibility between multiple stakeholders. The Chief Risk Officer (CRO) or Chief Information Security Officer (CISO) typically owns the TPRM program at the executive level. Procurement teams manage vendor relationships and contracts, while IT and security teams manage the technical risks and monitor vendor security posture. Legal and compliance teams make sure vendors meet regulatory requirements.
Why is Third-Party Risk Management Important?
Third parties often have direct access to sensitive data and / or systems, creating potential risk that organizations must actively manage. 63% of data breaches are linked to a third-party, such as vendors, contractors, and suppliers. Third-Party Cyber Risk Management helps organizations monitor external risk, reducing the likelihood of a breach. In addition, regulators hold organizations accountable for their third parties’ security practices, with frameworks like GDPR and HIPAA requiring formal vendor risk management. Without proper third-party oversight, the risk of a data breach or compliance violation increases.