Nov 30, 2023SaaS Security / Risk Management
Wing Security recently announced that basic third-party risk assessment is now available as a free product . But it raises the questions of how SaaS is connected to third-party risk management (TPRM) and what companies should do to ensure a proper SaaS-TPRM process is in place. In this article we will share 5 tips to manage the third-party risks associated with SaaS, but first... What exactly is Third-Party Risk Management in SaaS? SaaS is rapidly growing, offering businesses convenience, swift implementations, and valuable opportunities. However, this growth introduces a security challenge where risks arise from the interconnected nature of SaaS supply chains. It is clear that before onboarding a new contractor or vendor, we need due diligence, security checks, and referrals. However, we now understand that in the SaaS domain, applications are, in fact, the go-to vendor of choice. Let's explain: Any employee can very easily connect SaaS vendors to company data, granting them pe
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