Third Party Risk Management
Identify and manage risk up and down your supply chain, and take the security questionnaires sent to you off your desk
Risk runs both ways down a supply chain
Our Third Party Risk Management service identifies and manages risk up and down your supply chain. Our risk management experts inventory and evaluate the vendors, providers, suppliers, and other third parties you depend on, and fold that external risk in with the rest of your cybersecurity.
It works in both directions. The same service takes on the security questionnaires sent to you, so answering them stops holding up the business they arrive with.
Third Party Risk Management overview (PDF)Benefits
- Expedited response to security questionnaires
- Enhanced visibility to risk across the supply chain
- Reduced risk of material impact from supply chain incidents
- Improved regulatory compliance
Features
Questionnaires answered faster, and the vendors behind you watched continuously rather than at onboarding.
- Expert AI algorithm reduces the time and effort spent responding to questionnaires
- Continuous scanning of third parties for up-to-date supply chain risk
- Inventory that keeps current contracts in place for every third party
- Monthly performance reports with the latest picture of third-party risk
How many vendors does this cover?
However many touch your information, which is usually more than the finance system shows. Part of the early work is building the inventory, because most smaller businesses have never had one.
What about the questionnaires we receive?
Those come with it. The same picture that tells you which of your vendors carry risk is what answers a customer asking the same question about you, so it is rarely two pieces of work.
What happens when one of our vendors is breached?
The bill and the notification obligation are still yours, which is the uncomfortable part. Knowing in advance which vendors hold what is the difference between a bad week and a long one.
Tell us about your business.
A half-hour conversation about what you're being asked for and where you actually stand. If we can help, you'll have a proposal usually within a day.
Not ready to talk? Check your readiness in five minutes and see where to start.