Today’s business climate is complex. The cloud, Software-as-a-Service (SaaS), mobility, outsourcing and third-party service providers has increased efficiencies, conveniences and profits for businesses globally. These same advancements have introduced new cybersecurity risks and challenges to any organization working beyond their four walls.
Whether you are required to assess the risk of your third parties or you are buried in vendor risk questionnaires, Vendor Risk Management is the solution.
Vendor Risk Management has become a critical function for any business that utilizes third-parties for critical business functions.
This Risk Assessment is based on the following regulations and standards:
Respond to vendor risk questionnaires
Identify third-party vendors and their associated cybersecurity risks
Ensure compliance with regulatory requirements
Develop a prioritized, actionable plan for vendor risk mitigation
Initiate the Vendor Risk Management process to promote continuous evaluation of vendor risks
Enhance third-party vendor contracts