Third Party Risk Management (TPRM) is the process of analyzing and controlling risks presented to your company, your data, your operations and finances by parties OTHER than your own company.
A TPRM program is one of the most necessary daunting tasks there is. A lot of small cloud providers don't know how to answer security questionnaires, or they provide their customers with their cloud providers SOC 2 and think they're all set (that's how you lose the opportunity to sell your service) or you're a company moving to the cloud, and you want to come up with a relevant process of how to evaluate the security and ultimately the risk of your data in a cloud providers environment.
Cloud provider or company looking to assess a cloud provider, Cloud Defenders can ease the burden. This can be done as a managed service or create the process and hand it to over for you to manage.
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