In today’s digital age, businesses are dependent on the internet. From internal communication amongst employees to fielding queries from customers and processing payments and payroll, the web is a crucial part of conducting business in the 21st century.

As helpful as the internet is, it comes with numerous inherent risks. Cyber-attacks can result in sensitive customer data or trade secrets being stolen, not to mention financial losses and reputational damage. All businesses that use the internet, regardless of size, need to establish a cybersecurity program if they don’t already have one, and if they do, update and improve it on a regular basis.

Third-Party Risk Management (TPRM),  is the process of identifying, assessing, and mitigating potential risks that can arise from the involvement of external parties in an organization's everyday operations and data handling.

A company's cyber security plan can make all the difference in protecting against a data breach, but when a record 60% of all data breaches are internal, it can be hard to know who to trust. In this article, we will go through potential approaches you can take to protect your company's confidential and intellectual property.