Reliance on third-parties has exploded in the past few years. Cloud, IoT, big data, social media, or many interconnected systems scatter data to the four winds. If having to secure our systems isn't enough, attacks via third parties are increasing yearly. If we aren't checking the security posture of our third-parties and monitoring them for data breaches or other incidents we could easily be blindsided by an security incident. Utilizing Third-Party Risk management tools can help us verify how our third-parties rank on their due diligence efforts or if they have had any major security incidents. Much like credit ratings for consumers, security ratings can give us some insight into a third-parties risk posed.
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