A 3rd-party monitoring resolution is crucial for offering a stage of threat visibility required by a profitable Third-Occasion Threat Administration (TPRM) program. This publish ranks the highest third-party monitoring providers out there.
Ten greatest third-party monitoring instruments in 2024
The highest 10 third-party safety monitoring service choices for enhancing TPRM effectivity are ranked under.
1. UpGuardIdeal for organizations requiring probably the most complete stage of third-party threat monitoring
Cybersecurity is an all-in-one TPRM resolution, providing options supporting the entire phases of the TPRM lifecycle. With the platform named the #1 chief in third-party threat and provider threat administration by G2 for eight consecutive quarters, Cybersecurity is the main cybersecurity resolution for Third-Occasion Threat Administration.
Cybersecurity voted #1 chief in TPRM.
Cybersecurity can detect third-party dangers at scale with one of many trade’s most correct safety threat ranking options. With notifications to alert customers when every vendor’s safety posture drops, Cybersecurity helps proactive third-party cyber threat remedy earlier than cyber criminals detect these exposures.
With its IPv4 net area scans accomplished in simply 24 hours, Cybersecurity gives one of many trade’s quickest third-party threat scan refresh charges.
Safety rankings by Cybersecurity.
Find out about Cybersecurity’s safety ranking methodology >
To provide probably the most complete threat monitoring knowledge feeds, Cybersecurity combines its automated scans with point-in-time threat assessments by its library of safety questionnaires, which map to well-liked regulatory and trade requirements. Cybersecurity safety rankings and vendor threat assessments collectively produce real-time visibility into provide chain threats and vulnerabilities within the vendor ecosystem.
Level-in-time assessments mixed with safety rankings produce real-time third-party threat monitoring.
An integral side of third-party monitoring is a streamlined strategy of third-party threat knowledge assortment for vendor threat assessments. Belief Trade by Cybersecurity leverages automation to expedite the gathering of third-party threat knowledge from certification and accomplished questionnaires to calculate every third-party vendor’s safety posture through the due diligence part of TPRM.
Belief Trade by Cybersecurity streamlines the chance detection and monitoring through the onboarding stage of a Vendor Threat Administration program.
Belief Trade by Cybersecurity streamlines the chance detection and monitoring through the onboarding stage of a Vendor Threat Administration program.
Cybersecurity’s scanning engine can detect third-party relationships and obscure applied sciences that comprise your digital footprint, guaranteeing they don’t slip by the cracks of your third-party threat administration program.
Get a free trial of Cybersecurity >
Cybersecurity customers can simply generate cybersecurity experiences on the platform with a single click on to maintain stakeholders knowledgeable of the group’s evolving get together threat publicity.
Cybersecurity’s cyber experiences consolidate essential service supplier threat insights into visualizations that make it simple for the board to grasp the corporate’s chance of struggling a third-party knowledge breach in a given reporting interval.
Snapshot of a threat matrix in Cybersecurity’s vendor cybersecurity report. This overview helps customers preserve stakeholders concerned within the steady monitoring side of Third-Occasion Threat Administration.2. SecurityScorecardIdeal for organizations requiring third-party threat monitoring with robust visualization capabilities.
See how Cybersecurity compares with SecurityScorecard >
Safety Scorecard’s assault floor scanning characteristic can detect third-party safety dangers associated to Open Ports, DNS, HSTS, and SSL.
SSC extends its third-party monitoring capabilities to regulatory compliance, utilizing safety questionnaires to determine compliance dangers towards well-liked requirements.
Compliance threat discovery on the SecurityScorecard platform.
SSC combines its point-in-time assessments with vendor safety rankings to supply customers real-time consciousness of rising third-party vulnerabilities and the chance of distributors falling sufferer to a cyber assault.
Safety rankings by SecurityScorecard.
Nonetheless, some customers have questioned the accuracy of Safety Scorecard’s safety rankings, which may affect the general effectivity of a TPRM program relying on the platform for third-party threat monitoring.
“According to third-party feedback, unfortunately, it gives many false positives.”
– G2 evaluate (learn evaluate)
To maintain stakeholders knowledgeable of how a TPRM program tracks towards its threat monitoring metrics, SSC gives a reporting workflow highlighting essential info safety and knowledge safety dangers related to third-party partnerships.
A snapshot of SSC’s board abstract report indicating the chance of safety incidents occurring within the third-party community.3. BitsightIdeal for monitoring the monetary affect of third-party dangers
See how Cybersecurity compares with Bitsight >
Like Cybersecurity and Safety Scorecard, BitSight combines point-in-time threat assessments with safety rankings to supply customers real-time third-party threat monitoring capabilities. The SaaS platform positions itself as an all-in-one resolution, addressing all the chance monitoring within the TPRM lifecycle.
Bitsight Third-Occasion Threat Administration Workflow.
Bitsight’s exterior third-party threat monitoring goals to signify a vendor’s threat profile as a cyber assault would see it – by highlighting all potential areas weak to knowledge breach makes an attempt. Nonetheless, the accuracy of Bitsight’s safety rankings is questionable, with some customers reporting extreme delays between when organizations full threat remediation and when this enchancment is mirrored within the safety threat rankings. Such delays could possibly be a degree of serious frustration when organizations make high-impact threat remedy choices on the idea of inaccurate third-party threat monitoring insights.
Bitsight’s third-party monitoring capabilities embody cyber threat quantification, which estimates the monetary impacts of detected dangers. This extra dimension of threat monitoring may assist safety groups decide which remediation efforts must be prioritized to attenuate monetary disruptions.
Cyber Threat Quantification by Bitsight.Bitisight’s skill to estimate the monetary impacts of cyber dangers may assist cut back the chance of reputational injury related to safety incidents.4. OneTrustIdeal for SMBs specializing in compliance threat monitoring
See how Cybersecurity compares with OneTrust >
OneTrust’s third-party threat monitoring software attributes safety rankings to distributors to streamline safety posture monitoring. As well as, safety questionnaires map to well-liked regulatory requirements. Generated threat monitoring knowledge is pulled into cybersecurity experiences to maintain stakeholders knowledgeable of TPRM efforts.
OneTrust dashboard.
Although the platform’s intuitive design makes it fast to onboard right into a TPRM program, customers have raised considerations concerning the accuracy of OneTrust’s threat scoring course of, which frequently delays acknowledgment of remediated dangers detected by its monitoring processes.
5. PrevalentIdeal for corporations requiring a versatile method to TPRPM
See how Cybersecurity compares with Prevalent >
Prevalent helps its customers expedite vendor onboarding by its International Vendor Intelligence community. By means of this community, customers get superior entry to third-party threat monitoring insights from distributors which have preemptively submitted accomplished questionnaires and threat assessments.
Prevalent dashboard.
Along with its shared third-party intelligence community, Prevalent’s threat monitoring capabilities prolong to darkish net boards, the place it may well detect knowledge leaks and delicate knowledge dumps following a knowledge breach.
6. PanoraysIdeal for companies in search of in-depth third-party threat administration and monitoring.
See how Cybersecurity compares with Panorays >
Panorays’ RIsk DNA product quantifies vendor threat scores by constantly analyzing a number of third-party threat knowledge factors, together with accomplished vendor questionnaires and real-time menace intelligence feeds. Not like standard safety rankings, Panorays goals to supply a private threat ranking system by contextualizing the enterprise’s distinctive safety KPIs and KIRs when processing third-party threat monitoring knowledge.
Panorays dashboard.
The Panorays platform extends its vendor detection capabilities to incorporate Fifth-party distributors, which may increase the scope of its threat monitoring capabilities.
7. RiskReconIdeal for corporations requiring actionable insights into the cybersecurity efficiency of exterior companions.
See how Cybersecurity compares with RiskRecon >
RiskRecon gives real-time monitoring of vendor safety dangers. Nonetheless, the platform doesn’t embody a natively built-in safety questionnaire workflow, which may restrict compliance threat knowledge availability in its third-party threat monitoring processes.
RiskRecon dashboard.
The platform’s remediation workflow can also be restricted because it doesn’t accommodate collaboration between a number of events, which may considerably improve TPRM effectivity when coupled with a succesful third-party threat monitoring software.
RiskRecon permits customers to adapt the platform to their distinctive threat monitoring necessities, implementing a baseline configuration that matches the third-party threat constructions of a Third-Occasion Threat Administration program.
8. Black KiteIdeal for third-party threat monitoring processes requiring the inclusion of open-source menace intelligence
Learn the way Cybersecurity compares with Black Kite >
Black Kite’s third-party threat monitoring instruments take into account varied threat domains, together with social media platforms, credential compromises, and darkish net searches. As a result of the platform doesn’t provide a natively built-in threat evaluation workflow, dangers detected by the platform’s threat monitoring processes can not seamlessly progress to the remediation part. Supplementing the platform’s TPRM workflow gaps requires integrations with separate TPRM providers, which may lead to greater prices.
Black Kite dashboard.
To alleviate frustrations related to repetitive questionnaires and prolonged due diligence processes, Black Kite leverages AI expertise to parse accomplished questionnaires and vendor safety certifications to expedite threat monitoring findings for newly onboarded distributors.
9. DrataIdeal for organizations needing to streamline audit readiness
Learn the way Cybersecurity compares with Drata >
Drata’s threat monitoring processes scan vendor safety controls to detect dangers related to carried out compliance controls. The platform’s third-party monitoring instruments map to well-liked requirements and frameworks, reminiscent of GDPR and HIPAA, serving to corporations in extremely regulated fields expedite compliance throughout their vendor ecosystem. Nonetheless, the platform doesn’t take into account non-compliance dangers in its threat administration technique, which may restrict the effectiveness of a TPRM program.
Drata dashboard.
Drata’s third-party threat monitoring capabilities are restricted by the platform’s incapacity to detect IT property within the exterior assault floor. This oversight may depart customers unknowingly uncovered to potential knowledge breaches by asset vulnerabilities.
10. VantaIdeal for organizations specializing in vendor compliance monitoring.
See how Cybersecurity compares with Vanta >
Vanta’s third-party monitoring resolution primarily focuses on detecting compliance, not vendor safety dangers. This focus limits the platform’s use case to vendor compliance monitoring as a substitute of the entire scope of threat monitoring required in a TPRM program. Vanta’s threat administration resolution is natively built-in, providing a unified dashboard that consolidates compliance threat monitoring and threat administration visibility.
Vanta dashboard.
The answer bases its threat administration processes on the rules specified by ISO 27005. This customary streamlines the remediation of compliance dangers detected by risk-monitoring processes, simplifying compliance with SOC 2, ISO 27001, and HIPAA requirements.
