Almost 60% of the companies experience a data breach caused by a third-party
Current challenge - Budgetary and Resource constraints typically force companies to carry out third-party risk assessments of only the top 10-15% of their list of vendors. Spreadsheets and ad-hoc questionnaires fail as stopgap measures, resulting in outdated data, widened information gaps, and ultimately results in security breaches.
With SAFE, you can understand your third-party partners’ security flaws. It also enables you to contextualise and prioritize the risk information collected to allocate resources strategically and mitigate cyber risks.