New Research from Drata Shows 80% of Security Professionals Lack Full Visibility into Third-Party Security Posture
SAN DIEGO: Drata has announced its Third-Party Risk Management (TPRM) offering, empowering customers to identify, evaluate, and monitor third-party risks in one centralized and integrated platform. TPRM and several other enhancements are showcased at Drataverse Digital on December 12, at 10 am PT, 1 pm ET.
Third-party risk has become a critical element of a strong governance, risk, and compliance (GRC) program, especially when addressing sensitivities with data protection. Drata’s new Risk Trends Report found 83% of security professionals have experienced negative consequences as a result of their current TPRM process or informal oversight process. But investment remains a challenge, with 44% of respondents saying their company may not have the appropriate staff or resources to thoroughly screen third parties.
Drata’s TPRM offering provides security teams with a comprehensive tool for identifying, assessing, and continuously monitoring risks and integrating them with internal risk profiles. This holistic approach ensures a unified, clear view of potential exposures across the entire organization to effectively and efficiently manage third-party risks.
“Drata helps us extract meaningful insights from across our vendor ecosystem, and prioritize time-sensitive tasks,” said Ylan Muller, Senior IT Manager at FireHydrant. “Our team is able to formalize the tracking and management of third-party related risks and consolidate this workflow into one tool, so that we can remain vigilant in keeping our security program running smoothly.”
“It’s imperative for security professionals to have as much confidence in their third-party ecosystem as they do within the four walls of their own businesses,” said Adam Markowitz, Co-Founder and CEO of Drata. “Drata’s latest offering extends the power of its best-in-class continuous control monitoring to third-party vendors, taking TPRM to the next level.”