Continuous third party risk monitoring is a risk management approach designed to identify potential problems through uninterrupted real-time or near real-time examination of targeted key risk indicators, risk-related red flags including controls deterioration, weaknesses, and/or failures, and enable the prevention, avoidance, or remediation of related issues as they are identified. This approach allows an organization to enhance its awareness of cybersecurity, financial, business continuity, privacy, technology, operational, and strategic third party risk exposure. Continuous monitoring is a subset of all monitoring, including ongoing monitoring. Ongoing monitoring generally lacks the timeliness and level of granular visibility required for proactive response to issues that continuous monitoring can provide. Some outsourcers are attempting to place continuous monitoring sensors/appliances to provide real-time notification of anomalies.