ThirdPartyTrust and Netskope Launch Integration To Improve Vendor Management

ThirdPartyTrust, the platform making it easy to assess, monitor, and manage third party vendors, is launching a new direct integration with Netskope to put enhanced network discovery data at security leaders’ fingertips. Vendor data from Netskope, a provider of cloud-native solutions for cloud, data, and network security, will now be available to customers directly in TPRM by ThirdPartyTrust.

“We can’t be happier to share this integration with our customers,” says Anders Norremo, ThirdPartyTrust’s Founder and CEO. “By working directly with our partners at Netskope, and matching their automation and capabilities with ours, clients can now employ a real time enforcement of TPRM, tracking vendors and their users across network interactions. Everything from data-enhanced questionnaires using Netskope’s data to tracking shadow IT actions is at users’ fingertips in TPRM by ThirdPartyTrust.”

With this integration, made available on June 2, ThirdPartyTrust, already a leader in third party risk management (TPRM), gets stronger and more intelligent in providing protection and detection for companies’ digital supply chains. Read more about how it works here.

Organizations already using TPRM by ThirdPartyTrust can monitor their vendor networks through risk assessments, assurances, and continuous monitoring; and with this new direct integration with Netskope, teams can now supercharge their monitoring into the far reaches of their networks, monitoring individual usage activities in the cloud and across every interaction.

“Any integration within a TPRM program should add automation, and ours is no different,” adds Norremo. “But what makes this partnership so unique is how it is built to enhance visibility within a network across teams within a given organization. Security Operations and GRC teams, for example, can now see the same things at the same time, taking necessary action when needed. Our mantra of ‘Keep your data moving’ to describe this integration does just that: security data is no longer siloed, and policies and actions are more accessible.”

This partnership immediately provides GRC, IT security, and risk management leaders using ThirdPartyTrust with increased visibility that is fully integrated with their client account information and reporting. Data will flow bi-directionally from Netskope to ThirdPartyTrust, ensuring the vendor inventory is always up-to-date, reducing the risk of engaging with unknown (and riskier) vendors.

Read More: How the ThirdPartyTrust and Netskope Integration Works

An intelligence-driven data flow creates direct connections with the Cloud applications being used by each employee, whether they were reported to the security team or not. This solves the industry problem of Shadow IT, by which business owners across an organization often engage with third party vendors and grant them access to the networks, unbeknownst to security. As a result, these unknown vendors have not been properly assessed or monitored as part of the TPRM process.

Among the benefits of this integration are:

• Providing InfoSec and IT security teams with increased visibility over third party cloud applications in use across the company, and with access to the network, and comparing these shadow IT vendors to those being currently monitored.
• Providing GRC and Risk Management teams the ability to select which third party applications they need to start monitoring as part of their vendor risk management program, and automatically adding them to the process.

By seamlessly moving data, ThirdPartyTrust simplifies and automates the task of discovering unknown vendors, adding them to the monitored inventory, and transmitting information in the manner that meets the needs and requirements of each business area. This creates a bridge between traditionally siloed teams, such as GRC, security, and risk managers.

“Using ThirdPartyTrust is the best way to efficiently assess and monitor an ever-growing digital supply chain,” explains Norremo. “We make it easy for enterprises and vendors to connect, exchange security documentation, and ultimately reduce risk. Our partnership with Netskope further delivers on that mission. When IT security and risk management leaders using ThirdPartyTrust want to leverage additional network data, they simply click a button to add newly discovered vendors to their managed inventory and overall TPRM process.”  

This integration is immediately available to ThirdPartyTrust customers already using the TPRM tool. Aspiring customers, and/or current Netskope customers, can contact ThirdPartyTrust associates to see the integration in action, and begin to learn how it can help their organization.