A continuous monitoring cybersecurity strategy for third-party risk management (TPRM) goes a long way toward proactively identifying vulnerabilities posed by external sources. At Compliance Week’s virtual Cyber Risk & Data Privacy Summit on Wednesday, a panel of cybersecurity experts shared leading practices.

Rudy Patel, head of TPRM at financial services firm Mizuho Americas, said any outsourcing of operations, application development, or any other services brings with it third-party risk and raises many questions.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...