Third-Party Risk Management
Don't Let Your Vendors Expose Your Business to Unnecessary Risks
For a business to excel and grow, it will need a network of reliable third-party vendors and partners to deliver goods and services. When those vendors or partners have access to your IT infrastructure or sensitive data, it creates cybersecurity risks. To limit those risks, organizations need a program to assess, monitor, mitigate, and manage their vendors’ cybersecurity posture.
CompliancePoint’s Third-Party Risk Management (TPRM) program is designed to assess, mitigate, and monitor vendor-related cybersecurity risks while ensuring regulatory compliance and operational resilience. With CompliancePoint’s eyes on your vendors and partners, you can preserve customer trust and minimize the risk of reputational damage to your brand from a data breach or cyber incident involving a third party.
Our Third-Party Risk Management Engagements Include:
Vendor Analysis
CompliancePoint will assess the third party’s security posture to identify areas of concern that could expose your business to unnecessary risks.
Remediation
Our security experts will work with you and your vendor to develop remediation plans to close the security gaps identified in the assessment.
Ongoing Monitoring
CompliancePoint will establish a monitoring program to spot new vendor security or compliance concerns that could impact your business’s security or supply chains.
Speak with an Expert
Our Focus
To mitigate the risks that can arise from third-party security gaps, CompliancePoint focuses on performing the following services for our customers. Our TPRM services can be customized to fit your unique vendor and supply chain network.
Vendor Diligence
Before entering a partnership with a third party, CompliancePoint can perform a thorough assessment of the vendor’s existing security and compliance programs to identify any vulnerabilities that pose cybersecurity risks to your organization.
Vendor Inventory Management
Building and maintaining a centralized inventory of all third parties. Includes tiering vendors by risk level (e.g., high, medium, low) based on access to data/systems and criticality.
Access Control Verification
CompliancePoint can implement access control review processes to ensure vendors and partners are only given and maintain access to the data and hardware they need to perform the tasks for which they were hired.
Ongoing Monitoring
CompliancePoint can monitor the third party’s or partners security program to identify new vulnerabilities or compliance gaps and gauge the vendor's ability to defend against emerging threats.
Incident Notification
We will work with you and your vendors to develop communication protocols in the event of a cybersecurity incident. Notification guidelines can include defined roles, responsibilities, and timelines to help organizations respond quickly to mitigate harm.
Governance
CompliancePoint will work with the organization to implement a Governance program that provides a clear, structured framework to ensure vendor decisions are consistent, compliant, and aligned with your organization’s risk tolerance.
Our Focus
To mitigate the risks that can arise from third-party security gaps, CompliancePoint focuses on performing the following services for our customers. Our TPRM services can be customized to fit your unique vendor and supply chain network.
Vendor Diligence
Before entering a partnership with a third party, CompliancePoint can perform a thorough assessment of the vendor’s existing security and compliance programs to identify any vulnerabilities that pose cybersecurity risks to your organization.
Vendor Inventory Management
Building and maintaining a centralized inventory of all third parties. Includes tiering vendors by risk level (e.g., high, medium, low) based on access to data/systems and criticality.
Access Control Verification
CompliancePoint can implement access control review processes to ensure vendors and partners are only given and maintain access to the data and hardware they need to perform the tasks for which they were hired.
Ongoing Monitoring
CompliancePoint can monitor the third party’s security program to identify new vulnerabilities or compliance gaps and gauge the vendor's ability to defend against emerging threats.
Incident Notification
We will work with you and your vendors to develop communication protocols in the event of a cybersecurity incident. Notification guidelines can include defined roles, responsibilities, and timelines to help organizations respond quickly to mitigate harm.
Governance
CompliancePoint will work with the organization to implement a Governance program that provides a clear, structured framework to ensure vendor decisions are consistent, compliant, and aligned with your organization’s risk tolerance.
Our Benefits
Lower operational costs
Objective & knowledgeable assessments
Proven techniques and strategies
Target high-priority tasks
Access to cutting-edge tools & technology
Security awareness training
Control design & automation
Lower operational costs
Objective & knowledgeable assessments
Proven techniques and strategies
Target high-priority tasks
Access to cutting-edge tools & technology
Security awareness training
Control design & automation
Get started with Third-party Risk Management
10 Billion+
Records Audited
150+
Cases as an
Expert Witness
2,500+
Companies Served
+96
Net Promoter Score - Our Customers Love Us!
