Technology plays an integral role in both personal and professional aspects of our lives but the importance of robust cybersecurity cannot be overstated. With threats looming everyday, the C-Suite and organisations alike are required to be proactive in securing their digital defences to protect themselves against potential risks posed by third-party suppliers. Common weaknesses can include failure to identify and mitigate risks, as well as maintain compliance in the industry – leaving organisations more vulnerable to attacks.

Below, we look into the reasons why managing risks effectively is key to thriving and surviving in an interconnected world and how automation and education can drive this forward.

Cutting-edge technology

Anyone can fall victim to a cyber attack, in January 2023, 20% of UK organisations reported experiencing a data breach accident once a month. A breach is inevitable and with technology and threats advancing, implementing a solution that’s flexible with your existing processes and cutting-edge is critical to ensure your safeguarding stays current as your business grows.

Here at C2, we use advanced analytics which enables us to detect and mitigate threats in real-time, offering a proactive defence mechanism against both known and emerging threats so you can reduce and mitigate your supplier chain vulnerabilities in as little as 10 minutes.

Scaling & growth

The C-Suite often experience difficulty with the intricate task of identifying, managing, and staying ahead of the ever-growing landscape of vendor risks. The complexity of modern supply chains, coupled with the rapid pace of technological advancements, presents a challenging conundrum.

Your organisation has unique cybersecurity needs, which is why finding a solution that can be tailored and adapted to your organisation is crucial. C-Suite members need to prioritise a solution that is flexible with business growth. Automation allows you to accommodate a growing number of third-party suppliers without significantly increasing administrative burden, which saves you time and money for your organisation, but most importantly, your vendor risk management solution scales as your business scales.

We understand the need for tailored and scalable solutions. Whether you’re a small business or a large enterprise, C2 provides customisable solutions that align with your distinct needs. This ensures that you’re not paying for features you don’t need while still benefiting from a comprehensive, cost-efficient cybersecurity strategy.

Resource & cost-effective

In the world of cybersecurity, constant vigilance is key. C-Suite members are often burdened with the daunting responsibility of ensuring each vendor aligns with their organisation’s stringent security standards, all while juggling the demands of day-to-day operations, regulations and battling with a shortage of resources.

The 2022 TPRM Best Practices Study states 45% of companies are still reporting using spreadsheets to assess their third parties. Having a solution that is automated reduces the need for large volumes of internal analyst time spent on the process, minimising the need to expand the existing team, making it a more cost-effective solution for the business.

Our Vendor Risk Management solution provides clear, in-depth views of the entire third-party landscape, as well as the threat posed by individual entities so all your threats are identified and addressed before they can escalate, reducing downtime and potential damage to your digital assets. C2 can help reduce the time spent analysing risks by up to 50%.

Confident & clear risk management

In a world where cyber threats continue to evolve and multiple, the need for robust cybersecurity solutions is non-negotiable. Our commitment to innovation, comprehensive threat detection, scalable solutions and continuous monitoring, allows us to help support and develop organisations globally to fortify their digital defences.

Book a demo of our platform to learn more about how to manage your supplier risk and compliance today.

About C2

C2 is a UK risk management scaleup on a mission to help businesses survive and thrive in the digital economy. C2 helps organisations manage security and compliance in a way that’s unique to their business and that does more than simply ticking off digital checkboxes. C2’s industry-leading platform supports the public and private sectors in managing their threat landscape and improving vendor controls, project, privacy, and ESG risks.