How does third-party risk management align with key cybersecurity frameworks like NIST to enhance vendor security and regulatory compliance?
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How does third-party risk management align with key cybersecurity frameworks like NIST to enhance vendor security and regulatory compliance?
Third-party risk management aligns with key cybersecurity frameworks like NIST by providing a structured approach to assessing and managing risks associated with vendors and service providers. NIST, for example, offers guidelines and controls that organizations can use to establish and maintain effective third-party risk management programs. By incorporating NIST’s cybersecurity framework into their processes, organizations can enhance vendor security by ensuring that vendors meet specific security requirements and practices. This alignment can also aid in achieving regulatory compliance by addressing key security controls and demonstrating due diligence in managing third-party risks.