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[author: Josh Reid] In today’s business landscape, it is nearly impossible to work alone. You have to collaborate with clients, vendors, suppliers, specialists, and plenty of other partners all considered third parties to your organization. As a result, partner organizations have access to sensitive and confidential data about your company and your customers, or they support a critical business process. Your organization needs to understand and manage the risk exposure that these third parties present. Traditionally, security teams have tried to understand ongoing third-party risk by using annual security assessments. However, this method poses several challenges to security teams.

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