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 Spreadsheets and adhoc questionnaires fail as stopgap measures, resulting in outdated data, widened information gaps and, ultimately results in security breaches.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.