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Strengthening Your Third Party SaaS Risk Management with Valence and OneTrust

Strengthening Your Third Party SaaS Risk Management with Valence and OneTrust

Anna Sarnek
July 23, 2024
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Strengthening Your Third Party SaaS Risk Management with Valence and OneTrust

In today's interconnected world, SaaS applications play a critical role in facilitating business operations, enhancing collaboration, and connecting the global workforce. However, along with their myriad benefits come complexities, particularly in terms of security and risk management. As the adoption of SaaS applications continues to soar, organizations face the challenge of managing these applications effectively, especially when they are managed outside of the purview of IT and security teams.

The Challenge of TPRM Programs:

One of the pressing issues faced by CISOs is the lack of comprehensive visibility into third-party relationships and their associated risks. Particularly on their minds right now is how to govern GenAI applications, which are increasingly offered as SaaS applications, and can be easily integrated with core SaaS platforms, often without the review of IT or security teams. 

Despite implementing third-party risk management (TPRM) programs and solutions, organizations often struggle to maintain visibility and control over their SaaS ecosystem post-deployment. This results in misconfigurations, unidentified and unmanaged applications, and risky and high-privileged SaaS-to-SaaS integrations that can expose sensitive data to unauthorized users. All these leave organizations vulnerable to security breaches and regulatory compliance violations. 

Valence and OneTrust: Continuous Feedback Loop in TPRM

To address these challenges, Valence Security and OneTrust have partnered to create a seamless integration between SaaS Security Posture Management (SSPM) and TPRM, bridging the gap between risk managers and security analysts. This collaboration enables organizations to establish a continuous feedback loop, ensuring that security teams are informed about new vendors discovered within the ecosystem and can take immediate action to mitigate risks.

By implementing the joint solution, our customers can:

  • Perform a comprehensive third-party cyber risk assessment

Valence Security’s comprehensive discovery of the organization’s SaaS human and non-human identities together with the TPRM context form OneTrust will provide comprehensive visibility to the level of privilege that each integration has as well as uncovering any unsanctioned vendors, dormant integrations, and any previously onboarded vendors with continued access to the systems.

  • Implement seamless and continuous risk management

Each business unit and employee tends to unknowingly create new integrations either through new SaaS procurements or through OAuth consents. Each time a new SaaS application is connected by the organization’s user Valence Security will discover the connection ensuring that there is no gap in undetected third party vulnerabilities.

  • Automate this-party risk remediation

Security teams can often create a barrier and a lag in communication between the time that the security analyst discovers a new vulnerability and when the risk team is made aware of it. Valence’s automated remediation capability helps bridge the gap by streamlining security processes by automating actions like notifying OneTrust of new vendors, eliminating or getting business user justification for integrations, or triggering vendor offboarding based on risk assessments.

Stop flying blind! Take control of your SaaS security posture with the powerful integration between Valence Security and OneTrust. 

Learn More and see how this solution can strengthen your TPRM program today!

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