Third-Party
Risk Management

Securing trust between companies and customers as well as meeting regulatory compliance have now become the uttermost priority of businesses. To maintain a sound security posture, organisations need to assess the vendor ecosystem to ensure that risks of cybersecurity, privacy breach, ethics and compliance are mitigated and environmental, social, and governance goals are achieved.

Reduce Compliance and regulatory pressures

Enforce GDPR requirements

Manage multiple parties

Clear-cut onboarding workflows, assessment processes, and risks

Improve visibility into Third-Party risk

Inculcate Third Party code of conduct

Align audit reports to SOC 2 standards

Produce insightful reports to Business and Board members

Third-party risks
assessment

Evaluate third parties’ security controls, leveraging our deep understanding and unparalleled skill set to ensure that third parties’ systems and processes are robust, compliant, and secure

Supply chain privacy
compliance reviews

Assist with contract reviews, establishing the required supply chain practices and conducting third party privacy reviews as per the defined role of data controllers and data processes (privacy data flow analysis, supply chain analysis and vendor reviews) across the supply chain and related risks management

Third Party Risk Management (TPRM) framework

Third Party Risk Management Lifecycle

Improve the risk management capabilities of your third parties to improve the security of the Internet

Identify and centrally manage all vendors in a single platform

Gaining visibility into your third-party ecosystem is the first and most important step to understanding your risk exposure
Extend that visibility to third-party technology usage. When a breach that impacts a specific technology occurs, you can map impacted vendors easily and target risk assessments accordingly
Automate risk assessments, including questionnaire selection, response workflow and reporting
Score responses based on specific risk thresholds. This will enable your team to target the most critical risks first
Offer proactive reports on incident response progress and mitigations to satisfy the needs of regulators, board members, and other stakeholders
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