🔒 Mastering Third-Party Risk for CFOs 

A single ransomware attack on a supplier can halt months of production and erode up to 5% of quarterly revenue. The CFO’s role is evolving: managing third-party cyber risk is no longer solely an IT concern, but a critical financial imperative. 

Why CFOs Must Own This Issue 

The fallout from a supplier outage is first and foremost financial: delivery delays, contractual penalties, even a loss of customer trust. CFOs must therefore turn a potential threat into an opportunity for operational resilience and strategic steering. 

Key Steps to Secure Your Third Parties and Protect Your Results 

1. Quantify Risk in Financial Terms 

   • Identify your critical suppliers and estimate their financial impact in the case of an incident. 

   • Automatically prioritize third parties based on their exposure. 

   
   

2. Implement Continuous Monitoring 

   • Go beyond the static annual questionnaire with ongoing control tracking. 

   • Simulate downtime scenarios and validate your continuity plans. 

   
   

3. Embed Third-Party Risk into Your Enterprise Risk Map 

   • Consolidate internal and external risk indicators into a single dashboard. 

   • Feed tangible cyber metrics into your financial reporting. 

   
   

4. Collaborate in Real Time with Your Partners 

   • Automate evidence collection and the assessment of remediation measures. 

   • Provide suppliers with a dedicated portal for agile feedback loops. 

   
   

5. Elevate the Topic to the Board Level 

   • Make third-party cyber risk a core agenda item in your financial and strategic committees. 

   • Present impact scenarios and mitigation plans as part of your quarterly reporting. 

Quantify and Control Your Cyber Risks with DEEP SAFE 

Through its exclusive partnership with SAFE Security, DEEP SAFE integrates the SAFE One platform built on the FAIR™ model to deliver a unified view of cyber risk both inside and outside your organization.