CFH #5 – Nick Ellsmore

It sounds ironic, maybe even a little paradoxical, but it might just take hiring third party to help an organization assess and mitigate the risk posed by their other third-party partners. For organizations that cannot or prefer not to spearhead this task internally, MSSPs can provide a scalable and consistent third-party risk assessment program that yields insightful, enforceable and actionable recommendations. This segment will examine the marketable benefits of having MSSPs evaluate third-party partnerships that exist outside of their clients’ organizational boundaries, plus best practices when conducting outsourced risk assessments, and the latest trends in third-party risk that MSSPs are observing.

A lot of thought goes into which cyber solutions vendors MSSPs ultimately align themselves with. There are many factors to consider: What capabilities do you want to prioritize based on client demand? How do you assess your weak points or gaps in services? And then what are the top qualities in vendors you're looking for? Today's episode will look at some of the key strategies for MSSPs looking to build their own alliance of vendor partners.