Third-party Vendor Risk Assessment
Risks arising from third party relationships are a significant concern for companies extending their liabilities. Identifying and implementing a third-party risk management program is key to managing the increasing risks represented by third-party. Self-certification of third-party vendors are generally no longer sufficient to meet the evolving risk landscape. databrackets can help build a robust and active vendor monitoring program including conducting an independent third-party audit.
What is Third-Party Vendor Risk Assessment?
The benefit of NIST guidelines is that it helps to ensure an organization’s infrastructure is secure. NIST guidelines assessments also lay the foundational protocol for companies to follow when achieving compliance with specific regulations such as HIPAA or FISMA. Generally, NIST guidelines begin by telling companies to inventory their cyber assets using a value-based approach, in order to find their most sensitive data and prioritize protection efforts around it. When the Government demands that you demonstrate compliance with NIST SP frameworks, we offer a comprehensive suite of self-assessment services to help you navigate a government-mandated audit. We can work together to minimize assessment impact and ensure that compliance does not come at the expense of business success and with a big price tag.
- Security Roles & Access Controls
- Data Collection & Storage
- Security Policies & Recommendations
- Identity & Access Management
- Ongoing Security Monitoring
- Data Breach Notification
- Business Continuity Plans
Our deliverables
- Third-party Risk Assessment Report
- Customized Policies and Procedures
- Breach Notification Policy
- Model Contract Templates
- Virtual Data Protection Officer (DPO)
Our Approach
Identify
Identify all your third-party vendors, suppliers, and others from your contracts, accounts payables, and procurement teams.
Categorize
Prioritize your third parties based on sensitive data processing or access to your critical systems in your environment.
Risk Assessment
Typical third-party risk assessments may involve a questionnaire, technical testing, and sometimes even an on-site assessment.
Integrate
Integrate third-party risk management results in your organization’s overall security risk management program.
Interested in trying our DIY platform?
Some of Our Happy Customers
Worksmart
Time Tap
ITexico
Electronic Data Solutions, Inc.,
Corolinas IT
