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Develop your Third-Party Risk Management (TPRM) program with the help of vCISO risk professionals who build risk management programs tailored to your unique supply chain threats.
We need help with TPRM, but…
Get experienced consultants who will help create your TPRM program from start to finish. You’ll have a clear plan of attack for third-party onboarding, monitoring, and renewal, and always know which third parties need attention (and why).
Free up your team to stop chasing reports and reviewing the same-but-slightly-different questionnaires. Allow cybersecurity experts to wrangle evidence, manage assessments, and streamline intensive tasks like risk scoring, all done as an extension of your team so you can focus on your core responsibilities.
Proactively assess and manage your risks before they become incidents. Get hands-on help to implement safeguards, remediation plans, and compliance-ready documentation so that third-party issues don’t become your own.
Third-Party Risk Management (TPRM) is the process of creating a structured approach to identifying and mitigating risks introduced by external partners and service providers. It’s crucial to have a TPRM plan in place because cyberattacks most commonly originate from third-party sources.
Cyberattackers often target third-party sources first as a way to infiltrate high-profile businesses. Since your business inherits the vulnerabilities of any partners, service providers, or vendors you work with, you need to ensure you’re protected against breaches, downtime, or compliance failures.
Recent cybersecurity attacks like MOVEit, SolarWinds, and SalesLoft Drift are prime examples that attackers tend to exploit vendors first, then move downstream to go after your customers. To put this into perspective, the MOVEit incident compromised over 2700 organizations…and was the result of a third-party vulnerability.
All major compliance frameworks like SOC 2, HIPAA, and ISO 27001 require organizations to create a thorough (and thoroughly documented) TPRM program. Get the help of compliance experts to develop a mature TPRM program that puts you ahead of the curve when pursuing (or maintaining) framework compliance.
While there are plenty of software-only options out there to streamline your TPRM, our vCISO-led team of cybersecurity professionals actually does the work – saving your team hours – and provides expert leadership to turn software data into risk-informed decisions.
Receive action-oriented deliverables such as a complete vendor risk register with risk scoring and categorization, risk assessment reports, and audit-ready evidence packages that fit into your greater compliance frameworks (such as SOC 2, HIPAA, or ISO 27001).
Embed your TPRM directly into your existing process, and our team will help align your security goals across departments, including legal, procurement, and IT. Our executive-level leadership approach helps unify your risk management efforts for smoother collaboration thanks to expert vCISO oversight.
Don’t just take our word for it, read our case study about how we helped WayPath Consulting become SOC 2 compliant:
CTO of WayPath Consulting
Fractional CISO has enabled us to showcase best-in-class security, putting us on-par with firms much larger in employee count. They allow me to re-invest time previously spent on day-to-day management into growing and improving our business.”
TPRM generally includes vendor inventory, a system for risk scoring, due diligence questionnaires, ongoing monitoring, and remediation contingencies. Essentially, a strong TPRM, especially one developed by risk management specialists, ensures your vendors don’t become your weakest cybersecurity link.
Assessing vendors starts with looking at the type of data they handle, what service they provide, and the maturity of their cybersecurity program. From there, each vendor is given a risk score which enables you to prioritize your efforts around specific vendors and whether you should monitor, remediate, or replace them.
TPRM programs are typically led by compliance teams, but the strongest plans are built around an alignment of compliance, procurement, IT, and legal departments. The ability for vCISO consultants to foster a highly collaborative and aligned environment is one of the biggest reasons organizations turn to them for oversight.
Get clarity on your TPRM plan of attack with a detailed roadmap to protecting your business from third-party risks with just one 30-minute phone call. We’ll provide detailed, actionable advice, and show you how we’ll walk you through your customized TPRM program, set up your major milestones, and show you how to mature and refine your program over time.
Only 1/3 of cyber insurance policies actually pay out in incidents. Most companies have cyber insurance policies that insure too little, or too much, and have absurdly low caps and silly exclusions.
To learn more about cyber insurance and determine if you have the right coverage for you, join us for a free vCISO Office Hours session on Tuesday, April 18 at 1 p.m. eastern time. Bring your questions!
Getting ready for your first SOC 2? This eBook is full of actionable advice to help you prepare for and succeed in your first SOC 2 audit.
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