Identify, prioritize, and reduce fourth-party risk across your extended vendor ecosystem with continuous, data-driven insight.
Why fourth-party risk is difficult to manage
The challenge of fourth-party risk management
Fourth-party risk management introduces challenges that most organizations are not equipped to handle with questionnaires or manual assessments alone. Without effective fourth-party vendor risk management, organizations are forced to respond reactively, often after a breach, outage, or supply chain disruption has already occurred.
THE SOLUTION
Continuous fourth-party risk management
Bitsight delivers a scalable approach to fourth-party risk management by automatically identifying vendor dependencies and surfacing fourth-party concentration risk across your extended vendor network.
With continuous discovery and monitoring, organizations can:
- Identify fourth-parties and vendor dependencies automatically
- Understand which fourth-party vendors create the greatest risk concentration
- Prioritize response during supply chain cyber events
- Reduce exposure from shared vendors and technologies
- Support both third-party and fourth-party risk management programs
This enables a proactive, intelligence-driven approach to 4th party risk management and not a point-in-time snapshot.
Bitsight’s fourth-party risk management differentiation
79% of senior TPRM professionals say they urgently need to improve how they identify and assess fourth parties in their supply chain.
— KPMG
Product features
Fourth-party risk management features
Identify and Mitigate Fourth-Party Concentrated Risk
Gain visibility into the fourth-party vendors, products, and services your third parties depend on and where shared dependencies increase systemic risk.
Data Structured for Fourth-Party Risk Decisions
Quickly assess fourth-party risk using data formatted to support prioritization, remediation, and incident response across your extended ecosystem.