Despite the growing reliance on third party organizations to assist in the delivery of core functions to a business, most third-party risk management programs (TPRM) fail to deliver meaningful protection. SaaS platforms, managed service providers, contractors, cloud providers, and supply-chain partners now sit deeply embedded within enterprise environments. These suppliers bring a variety of positives to a business, but they also introduce a […]

Organizations are increasingly relying on external vendors, service providers, and supply-chain partners to help them deliver critical operations. With this increasing reliance on third parties, we must understand that TPRM is not just a process or checkmark on a list. It must be a strategic capability that aligns with regulatory compliance. This means embedding TPRM into enterprise risk […]

Achieving third-party compliance as part of your Third-Party Risk Management (TPRM) program is never an easy feat. Many companies have standards that they hold their third-party partners to, however it can often be a challenge to get those third-parties to make the compliance changes required in order to do business. In this article, we outline […]

In the course of performing security assessments for our clients, we came to the realization that many were struggling with the sheer volume of assessments they were being asked to perform. More assessments means more data, and handling a lot of data at once that lives between spreadsheets and emails can be chaotic and leads […]

Are you struggling to coordinate efforts between the security team and business stakeholders? Vendor relationship management is a crucial component in the assessment process. Business units see security teams as red tape, causing delays and getting in the way of business overall. Yet, business stakeholders are often essential to helping security teams move swiftly and […]

Are your assessors burdened with manual work and need a clear path to streamlining vendor security? A significant component of vendor security is performing vendor risk assessments. Control sets are essential to evaluating vendors’ security posture and compliance when performing vendor assessments. At the start of the vendor assessment process, you must tailor control sets […]

Are you currently contracting vendors without a risk assessment process? The third-party risk management lifecycle is a common term describing the stages of risk companies must manage with their third parties throughout their relationship. Understanding the third-party risk management lifecycle can help your business map out each stage efficiently to ensure you take a holistic […]

Are you increasingly concerned with vendor risk and don’t have a vendor risk management checklist? In today’s digital landscape, keeping data secure is more than just the measures your company takes to keep hackers out. With an increasing number of vendors that your organization incorporates into its IT ecosystem, it’s essential to perform regular vendor […]

Are you unsure which types of vendor risk could affect your organization? Outsourcing critical operations to third-party vendors saves businesses money and increases efficiency. However, there are also inherent risks involved with outsourced services. Companies must understand and manage those risks holistically by developing a comprehensive vendor management program. It’s essential to take a risk-based approach […]