In the digital age, companies are not free from cyber risks. Most of the businesses are facing major issues due to threats from external attacks. This has driven the as many as 83% of the companies to increase their focus on third-party risk management. However, the focus of the digital risk management solutions embraced by the companies is not concentrated on third-party supply chain at all. In this world, businesses have to deal with third parties, including various third-party vendors, on a regular basis. Yet, it still remains as a matter of risk that only 40% companies have expanded their third-party risk management programs. Right now, companies need to embrace digital risk management solutions that offer them third-party risk management. It’s not an easy task. How do you select the right digital risk management solutions offering threat management solutions for third-party vendors? Here’s a quick look at some of the steps that you need to undertake while choosing the threa...