Digital Twin of an Organization: The Key to Third-Party Risk Visibility
In today’s rapidly evolving global marketplace, organizations are increasingly relying on third-party vendors, suppliers, and contractors to manage critical services and functions. These partnerships are essential for streamlining operations, reducing costs, accelerating time-to-market, and achieving a sustainable competitive edge. However, as beneficial as outsourcing may be, it comes with its own set of cybersecurity and compliance challenges—particularly when sensitive data is involved. From payroll processing to supply chain management, third-party vendors often handle confidential information, including personally identifiable information (PII), intellectual property, and financial records. This data exchange introduces a complex web of potential vulnerabilities. Any breach or compromise within a vendor’s ecosystem can ripple through to the primary organization, causing reputational damage, regulatory penalties, and significant financial loss. To address this growing concern, ...