Organizations increasingly rely on third parties for business operations, and as a result are working with more digital suppliers than ever. According to Gartner, 60% of organizations work with more than 1,000 third parties and this number will grow. High-profile vulnerabilities such as Log4Shell are a constant reminder of the risks posed by a breakdown in the software supply chain. This has spurred enterprises to increase the rigor of software risk assessments to ensure supply chain security.

It seems like the next flavor of cyberattack is always making the news, a constant reminder of how vigilant businesses need to be to try and keep themselves, their customers and their suppliers safe. Almost every organization of any size will have some sort of vulnerability assessment and management program, security hardening framework and basic training for employees to recognize malicious emails and phishing attacks.

There are many critical factors to ensuring an effective cybersecurity program; however, two of the most important are accuracy and timeliness. With limited search capabilities that direct you to insufficient results or extended navigation time to find items of relevance, the cyber risk of your rapidly growing vendor ecosystem is left unmanaged. Think about it like this: when you have two contacts in your phone saved under the same first name, how do you determine which one is the right one to call?