- May 18, 2022: Now available to all TPRM customers.
- November 18, 2021: Updated navigation instructions.
- June 1, 2020: Published.
Life Cycle Stages represent the intersection between Bitsight and your third party risk management (TPRM) program, integrating Bitsight into the vendor life cycle and existing operational workflows.
This feature is available to all TPRM customers.
- The dynamic life cycle cards provide the guidance and context needed to support informed decision making - during the Onboarding, Monitoring, and Re-Assessment stages.
- Easily track and measure the progress of vendors across stages to understand areas of improvement.
Assign a life cycle stage from a company’s Vendor Overview page to see the suggested activities and the duration of the stage.
Visit the bottom-right link to progress to the next stage. The stage can also be edited at any time. Note, changing the life cycle stage resets the stage duration.
|Onboarding||Due diligence process for establishing a new Third Party.|
|Monitoring||Ongoing monitoring of a Third Party’s security posture to identify changes and prioritize remediation.|
|Re‑Assessment||Periodic due diligence process for an existing Third Party’s security posture to establish a new baseline.|