In the increasingly interconnected and complex world of business technology, many organizations are grappling with the challenges related to insecure integrations and agreements. The rise of technology service models, managed service providers (MSPs) and SaaS apps introduce compliance and risk management issues almost faster than businesses can keep up.
Thus, a new discipline has evolved: third-party risk management.
Risk management is quickly becoming the foundation for most security and compliance standards. And this is for good reason–complex security threats based on modern technology and the interoperability of extensive cloud-based infrastructure aren’t going to be held at bay through ad hoc implementation of technology.
Risk doesn’t have to be an amorphous and ill-defined process, however. Here, we’ll talk about risk management software and what comes with streamlining risk management as part of your business’s overall strategy.
Risk management is a term bandied about by a lot of experts. It’s critically important, of course, but it is also a catch-all for security terms that may not seem to apply directly to immediate, regulatory security.
So, when insider threats come up, it becomes challenging to parse out how security and risk help address the issue. Here, we will discuss how simple approaches to risk management can start to address insider threats.