Webinar Panel: Can We Shift Left With Third-Party Risk?

On-demand webinar

Can We Shift Left with Third Party Risk?

Third-party risk is becoming a first priority challenge for many security leaders.

While third-party risk is not new, it’s often a blind spot for many organizations and security teams. In recent years, we’ve seen an expanding risk universe and regulatory requirements, prompting many companies to rethink their third-party risk management programs. Unfortunately, existing TPRM solutions haven’t kept up with the dynamic and expanding nature of third-party risk in a digital environment.

Download the webinar to learn about:

• Challenges that CISOs and security leaders face with existing TPRM programs
• Opinions on existing TPRM solutions/landscape
• What shifting left with TPRM looks like
• Key elements in creating a modern TPRM strategy/program

Key Discussion Points:

1. Proactive Risk Mitigation:
   • Shifting left in TPRM means assessing vendors earlier, even before contracts are signed. This approach ensures security and compliance issues are addressed proactively, significantly reducing the risk of delays or data breaches.
   • The VISO TRUST platform allows businesses to conduct vendor assessments in minutes, providing real-time intelligence on potential risks, which can help prevent third-party issues from escalating later in the project lifecycle​​.
2. Automation and Efficiency:
   • One of the biggest challenges in traditional third-party risk assessments is the time-consuming, manual effort required to gather and analyze data. By leveraging AI-driven automation, VISO TRUST accelerates these processes, empowering security teams to keep pace with business demands without sacrificing accuracy​​.
   • Case studies from companies like Cruise demonstrate that organizations can complete 117% more vendor assessments by utilizing VISO TRUST, drastically reducing turnaround times while freeing up teams to focus on core strategic tasks​.
3. Improved Visibility and Control:
   • With VISO TRUST’s AI-powered Artifact Intelligence, companies gain real-time visibility into their vendor ecosystem, enabling them to continuously monitor and assess third-party risks. This continuous, real-time monitoring is crucial for early detection of potential security threats​.
   • Commonwealth Financial Network, for example, reduced assessment time from 8 weeks to just 1-2 weeks, with VISO TRUST automating continuous vendor monitoring and providing high-fidelity risk data to ensure that vendor risk is always accurate and up-to-date​.
4. Scalability without Additional Headcount:
   • As businesses grow and their vendor networks expand, the demands on third-party risk management teams also increase. By shifting left with automated tools like VISO TRUST, organizations can scale their risk management processes without the need for additional staff, ensuring efficiency and reduced risk​​.
   • This ability to scale is critical in today’s landscape, where companies are working with an increasing number of third parties. Without a scalable solution, managing these relationships can become a bottleneck that hinders business growth​.

Download this webinat=r to learn how shifting left with third-party risk management can transform your organization’s security posture, ensuring that vendor risks are identified, mitigated, and managed proactively and efficiently.

Whether you’re dealing with thousands of vendors or just starting to scale, the panel will explore how VISO TRUST’s platform can accelerate vendor risk assessments at scale, without sacrificing precision.