Third Party Risk Management (TPRM)

Risk Management & Compliance for the Partner Ecosystem

Governance, Risk and Compliance for Vendors, suppliers, partners, customers, contractors, or service providers.

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Cybrance Assessments

Don’t Let Supplier Risk Become your Risk

Identify Suppliers that don’t meet your standards 

No More Spreadsheets! Reduce manual effort and track changes easily across your whole team. Quickly assess your IT environment for policy, procedures, security, and staff training gaps. Manage and maintain organizational policies easily and in one place.

 

Cybrance Controls

Identify Vendor Lifecycle Risk

  • Identify potential risks that can be introduced to your organization.
  • Proactively manage and mitigate uncovered third-party risk.
  • Be better prepared when incidents do occur.
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Understand the Full Picture

Leverage a process that will help you evaluate the risk of a vendor, supplier, contractor, or other business partner.

Cybersecurity

 

Financial

 

Operations

 

Data Privacy

 

Compliance

 

Understand where the Risk Lives

  • Profiled Risk: This represents direct risk from the vendor to you. The higher the direct risk, the more due diligence is required in the relationship.
  • Inherent Risk: The risk you inherit from a vendor based on their security, operations, financial, and overall business practices before implementing your required controls.
  • Residual Risk: The risk remains after your required controls have been implemented and validated. It represents what cannot be eliminated but you are willing to accept.
GRC Programs
Strategy Plan

Cybrance helps you develop an assessment process

  • Quickly analyze how critical the vendor or supplier is to your supply chain. Are they single-source? Sole-source? The risk can be high.
  • Are they interacting with confidential data like personally identifiable information (PII), protected health information (PHI), or other sensitive information?  Do they have adequate controls?
  • Assess geography, are they potentially in harm’s way?  Natural disasters or geo-political conflicts can impact the continuity of services for you.

Tools to Engage your Third Parties

  • Leverage pre-built questionnaires to start the process quickly and easily with your partner ecosystem.
  • Need a framework for your vendors.  Cybrance has standard frameworks, including NIST CSF, CIS v.8, NIST 800-171, GDPR, and others, to support relationships in regulated verticals.
  • Easily attach evidence, documents, and policies to support each standard.
Cybrance