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Third Party Risk

SERVICE

With the security threat landscape evolving rapidly, cyber professionals face an alarming set of new vulnerabilities, especially in third-party security. The changing business and technology landscape is placing added pressure on third-party programs.

Industry trends driving increased exposure to third-party security risk:

Proliferation of business partners/suppliers across all organizational functions
Greater reliance on specialized third-party services and products
Extreme digitization throughout the supply chain and the increasing attack surface
Aggressive investments by adversaries in developing highly sophisticated tools and techniques
Rapid pace of change within partners/suppliers exacerbating the latency challenge of point-in-time assessments
Deep focus by regulators and punitive enforcement action for noncompliance
Pressure from executive leadership to demonstrate a return on security investment

Common questions that KPMG can help organizations address

How does our program compare to other organizations in our industry?
Do we have adequate resources to securely manage an expanding partner/
supplier ecosystem?
How do we evolve the program to move at pace with the business needs?
How can we determine the right amount of assurance?

How can we keep pace with the accelerating pace of change within our partner/supplier ecosystem?
Where are the automation opportunities within third-party security?
How can we enhance our third-party risk metrics and risk reporting capabilities?
How can we transform from programs operating in silos to better integration among departments?

The KPMG approach

KPMG has developed an integrated portfolio that enables a more proactive approach to third-party security, using technology-enabled innovations to cut costs. The service offering includes: