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Expanding your supplier network can help you create a more expansive and reliable supply chain. New suppliers, however, can expose your networks and systems to cyber risks if they are not vetted properly.

To ensure your supplier ecosystem is secure, you need to leverage the right supplier due diligence process—one that’s informed by the specific risks, gaps and vulnerabilities you’re facing.

Our free cyber risk score can pinpoint the areas you need to look into as part of your VRM strategy; get yours today.

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How can businesses enjoy more data-driven supplier due diligence?

When expanding your supplier network, you need to ensure your vendors don’t create security and compliance gaps across your networks and systems.

If your supplier due diligence is informed by real-time information on your specific security needs, this is a much more achievable goal.

At RiskXchange, we give you greater control over your security with a 360-degree view of your systems and third-party network.

An integral part of this process is calculating your cyber risk score and it is based on:

A real-time view of your risks, compliance status, and network security
Identified risks and vulnerabilities across various risk factors
Breach insights and other analytics on digital asset management
Vendor risk management and security compliance
Supplier due diligence processes across your organisation
Issues relating to key checkpoints across security standards, like PCI, GDPR, NIST, ISO and more