Third

Third is an AI-driven cyber risk management platform designed to help organizations quantify, prioritize, and manage both first-party and third-party cyber risk. It provides a unified environment for understanding how cyber threats translate into financial and operational impact, enabling informed decision-making at the executive and board level. The platform’s primary purpose is to give security, risk, and compliance teams a consistent, data-backed way to evaluate cyber exposure and justify investments in controls and remediation.

Third offers capabilities for modeling cyber risk scenarios, estimating probable loss, and comparing different risk treatment options. It supports third-party risk assessments by evaluating vendors, partners, and supply chain entities against standardized criteria and risk models. The platform uses AI to analyze threat intelligence, control effectiveness, and historical incident data, producing quantifiable risk metrics and reports. It also provides dashboards and workflows to track risk reduction over time, align with regulatory and industry frameworks, and support audit-ready documentation.