Every Solution You Can Imagine – and More
What cybersecurity solution do you need? From Zero Trust to ADR, IAM, risk/privacy, data protection, AppSec and threat, securing digital transformation, to resiliency and remediation, we can build the right program to help solve your challenges.
A Single Partner for Everything You Need
Optiv works with more than 450 world-class security technology partners. By putting you at the center of our unmatched ecosystem of people, products, partners and programs, we accelerate business progress like no other company can.
We Are Optiv
Greatness is every team working toward a common goal. Winning in spite of cyber threats and overcoming challenges in spite of them. It’s building for a future that only you can create or simply coming home in time for dinner.
However you define greatness, Optiv is in your corner. We manage cyber risk so you can secure your full potential.
Optiv Cybersecurity Dictionary
Third-party risk management (TPRM) is the programmatic process of analyzing and controlling risks presented to an organization, its data, operations and finances by parties other than the organization itself.
Business processes and supporting technology platforms are applied to manage, monitor and mitigate risks to the organization created by interdependencies with third-party business partners (such as suppliers, vendors, cloud technology providers, etc.), as well as their third- or nth-parties.
A TPRM program is one critical component of a comprehensive integrated risk management (IRM) program supporting an organization’s governance, risk and compliance (GRC) strategy.
You take your organization’s security seriously. But is everyone you conduct business with on the same wavelength? Statistics point to … probably not. Research shows that 44% of businesses have experienced a third-party data breach since June 2020, and that 74% of them stemmed from providing third parties with unchecked privileged access.1 And depending on the industry and country it occurs in, a breach can cost between $3-7 million.2
Each third party you’re tied to is a possible entry point for threat actors. Any breach of any vendor can result in a supply chain attack, a cyberattack that finds and exploits weak points in an organization’s supply chain, eroding its ability to perform basic yet crucial operational tasks. The world witnessed this during the SolarWinds supply chain hacks, which were the catalyst leading to the White House executive order (EO) on cybersecurity.
1 https://www.globenewswire.com/news-release/2021/05/04/2222054/0/en/51-of-Organizations-Have-Experienced-a-Data-Breach-Caused-by-a-Third-party-New-Report-Finds.html2 Ponemon 2021 Cost of a Breach Review
Since every third party is a potential security vulnerability, it’s time to bring some accountability back into the picture. Today’s organizations must ensure that all security postures in their associated business eco-system are held to consistent standards and are seamlessly integrated.
Optiv’s Third-Party Risk Management services can help restore your confidence in your extended relationships. Our experts help you understand, identify and measure the risk of your third parties through powerful assessment tools. We then help you improve your security posture through a logical, business-strategy-focused TPRM workflow and adherence to industry-specific compliance standards.
Let's Reduce Risk
The software development lifecycle (SDLC) is a framework used to detail commonly accepted discrete phases and associated requirements that comprise the full software development process.
See Full Definition
In the world of software application development, “shift-left” is a concept that promotes the value of integrating security into the software development lifecycle as early as possible.
October 22, 2020
Our third-party risk management service mitigates risk by assessing relationships, business profile, cyber and control risk.
February 26, 2021
Sri Sundaralingam of ExtraHop identifies some common supply chain hack elements and explains how to discover and stop them in the early stages.
May 11, 2021
In this guest post, CyberGRX examines cyber attack vectors and offers advice on securing third-party relationships.