Vendor Risk Management

Vendor risk management (VRM) is critical in today’s business landscape. While outsourcing key functions to external vendors can enhance efficiency and agility, it also exposes organizations to potential vulnerabilities within SaaS applications. Malicious actors can exploit these weaknesses, making vendor risk management a necessity. As businesses rely more on third-party services, the responsibility of safeguarding against SaaS-related security threats falls on the shoulders of security and IT teams. To combat these challenges, Wing offers proactive vendor risk management software to scrutinize the applications and third-party vendors associated with your organization, ensuring a strong defense against the ever-evolving landscape of risks.

Wing’s SaaS application database provides an effective method to conduct assessments and lookups on third-party vendors to fast track vendor risk assessments. Wing’s comprehensive database hosts over 300,000 SaaS applications, providing vendor risk assessment software to gather each application’s critical information such as compliance status, security scores, permissions, and third-party connections. Such a database allows organizations to gain accurate insights into the risks associated with various vendors, enabling better decision-making on new and existing applications.