Apptega, a provider of security, compliance, and risk platforms for security providers, has launched its Third-Party Risk Manager module. This offering enhances Apptega’s existing Vendor Risk module, providing organizations of all sizes and maturity levels with enterprise-grade capabilities for partner and vendor risk analysis.
In conjunction with Apptega’s Risk Management module, the Third-Party Risk Manager enables businesses to create comprehensive views of risk across their entire attack surface. This integration facilitates the identification of vulnerabilities and risk gaps, ensuring thorough assessments of third parties and strengthening overall security and compliance efforts. The module aims to enrich cybersecurity programs and improve end-to-end security postures by identifying and automatically tracking risks within external systems, thereby helping security teams understand and close gaps highlighted in assessments and audits against frameworks such as CMMC, NIST, or ISO.
Recent research indicates that 30% of all data breaches in 2024 originated from vulnerabilities in third-party systems, with small and mid-market enterprises being victimized four times more frequently than large enterprises. Rahul Bakshi, Chief Product Officer at Apptega, emphasized that no organization should rely solely on partner organizations to be secure by default. He stated that Apptega’s Third-Party Risk Manager offers a flexible and comprehensive feature set, ensuring that risk scores are meaningful, comparable, and aligned with actual risk priorities. Bakshi highlighted that by connecting vulnerability identification, risk register tracking, and remediation prioritization, the module enhances confidence in proactive vendor vetting.
Key features of Apptega’s Third-Party Risk Manager include Centralized Platform Management, which consolidates questionnaires and vendor outreach for faster responses and a unified audit trail. Comprehensive Visibility allows security teams to pinpoint vulnerabilities, identify high-risk vendors, and produce defensible risk assessments. Custom Vendor Questionnaires and Scoring provide flexibility for teams to use their own questionnaires and tailor scoring logic. Automatic Scoring and Assessment accelerate the evaluation process with objective ratings, while Focused Remediation equips teams to determine specific elements contributing to elevated risk and prioritize the highest-impact gaps for resolution.
The module also enhances the service capabilities of Managed Security Service Providers (MSSPs) and Managed Service Providers (MSPs), enabling them to proactively identify, monitor, and mitigate third-party risk on behalf of their clients. This empowers service providers to offer more robust protections to companies lacking the internal resources for independent third-party risk management. Rob Lanni, Director and CIO at managed service provider Vistrada, noted that while Fortune 100 companies have long had robust third-party risk programs, mid-market organizations have faced challenges due to the cost and complexity of existing solutions. Lanni stated that Apptega provides the necessary functionality at an accessible price point, marking a realistic entry into third-party risk management for these organizations. Vistrada partners with Apptega to deliver enterprise-grade Third-Party Risk Management to its clients.
Apptega is an end-to-end cybersecurity compliance platform utilized by security-focused IT providers and in-house teams to build, manage, and mature Risk, Security, and Compliance programs. The company is recognized as a G2 leader in various risk management categories.
