The new module quantifies the risk of ransomware and data exfiltration for third-party vendors, while combining the signals with first-party and SaaS risk, Safe Security CEO Saket Modi tells CRN.
Safe Security is taking a new approach to quantifying third-party cyber risk with the debut of a new tool that represents a “massive” opportunity for channel partners, according to the company’s CEO.
Saket Modi, co-founder and CEO of Safe Security, told CRN exclusively that the company’s new Safe TPRM (third-party risk management) module will stand out by quantifying the risk of specific threats — such as ransomware and data exfiltration — for third-party vendors in an “actionable” manner. For instance, Safe TPRM will provide an actual risk measured in dollars of ransomware occurring at a certain third party, Modi said.
“We actually quantify the risk in a way the business can understand it,” he said.
On top of offering improved third-party risk management compared to existing vendors in the space, Safe Security will also…
