The Missing Measure in Third-Party Information Risk
Organizations have never had more visibility into their third-party ecosystem yet many still can’t answer the one question that matters most: What residual risk actually remains?
Despite significant investments in assessments, certifications, and monitoring, most third-party risk programs are still built to prove activity and not to enable confident decisions. The result is a growing disconnect between the volume of evidence collected and the clarity leaders need to govern exposure.
It is time to challenge that status quo. Instead of fragmented signals what is needed is a consistent, decision-ready measure of residual risk, one that allows organizations to compare vendors, prioritize actions, and manage exposure at scale.
For executives navigating increasingly complex vendor ecosystems, this is the missing foundation for effective risk governance.
A new paper from HITRUST founder, Dan Nutkis, explores the path forward
In The Missing Measure in Third-Party Information Risk: Making third-party information risk governable, comparable, and transferable, Nutkis examines why third-party risk needs the same measurement discipline that other enterprise risks require. The paper explores why current third-party risk inputs, while useful, do not always provide a complete or comparable picture of residual exposure. It also examines why a trusted, standardized, and assured measurement approach is needed to support governance, scalability, benchmarking, risk transfer, and executive oversight.
For organizations working across third-party risk management, assurance, cyber insurance, governance, compliance, procurement, and enterprise risk, this is becoming an urgent conversation.
Third-party risk cannot be managed effectively if it cannot be measured consistently.
And trust cannot be transferred, governed, or relied upon if it cannot be expressed in a way leaders can understand, compare, and act on.
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