Vendor Risk Management (VRM), also known as Third-Party Risk Management (TPRM), is the process by which an organization identifies, assesses, manages, and monitors risks arising from its relationships with external vendors, suppliers, and service providers, particularly cybersecurity risks.
Cybersecurity is not an issue that impacts only business giants. Nobody is safe from the bad actors of the dark web ― government departments, financial and healthcare institutions, small businesses, individuals, non-profit organizations, even professionals working from home ― anyone and everyone is fair game for hackers and other online threats.
NESA is transforming cybersecurity by mandating a risk-based, structured approach through 188 controls across governance, operations, and technology. It shifts organizations from reactive postures to proactive, resilient cyber strategies.
Assuring cybersecurity has never been more critical, or more challenging. With AI and other cybersecurity threats increasing by the day, assuring data security has become dicier. Specifically, it has become more challenging for healthcare providers and covered entities to ensure the privacy, security, and availability of protected health information (PHI).
