The process of detecting, evaluating, and reducing the risks connected to suppliers, vendors, and other outside service providers having access to a company's networks, systems, or data is known as third-party risk management. ThreatNG, as a security ratings solution, can help organizations with third-party risk management by continuously monitoring and assessing their third-party vendors' cybersecurity posture. This solution includes evaluating the security ratings of their suppliers and third-party vendors, identifying any security weaknesses or vulnerabilities that could pose a risk to the organization, and providing actionable insights and recommendations to help mitigate those risks.

With ThreatNG, organizations can gain Situational Awareness of their third-party vendor risk profile and prioritize vendors based on their level of risk. This awareness enables organizations to allocate their resources more effectively to the vendors that pose the most significant risk to their business. Furthermore, ThreatNG's external attack surface and digital risk intelligence provide valuable insights into the overall risk associated with each vendor, making it easier for organizations to make informed decisions about which vendors to engage with or how to manage their existing vendor relationships.

ThreatNG can also help organizations with vendor due diligence and selection by providing objective, data-driven insights into the security posture of potential vendors. Using these insights, organizations can lower the likelihood of future security problems by choosing contractors and negotiating contracts with greater knowledge.

ThreatNG can help organizations with third-party risk management by providing continuous monitoring, risk assessment, and actionable insights into the cybersecurity posture of their third-party vendors, enabling them to identify and mitigate potential risks proactively.