Third-Party Risk Management
Assess and manage the security risks introduced by vendors, suppliers and third-party partners.
Why Third-Party Risk Matters
Organisations increasingly rely on third-party vendors, suppliers, and partners to deliver critical services. Each relationship introduces potential security risks that can impact your organisation's data, systems, and reputation. A structured Third-Party Risk Management (TPRM) program is essential to identify, assess, and mitigate these risks.
The Five Phases
Planning
Define the scope, objectives, and criteria for your third-party risk management program.
Due Diligence
Assess potential vendors against your security requirements before engagement.
Contracting
Ensure security requirements and obligations are clearly defined in contracts and agreements.
Vendor Management
Ongoing monitoring and assessment of vendor security performance throughout the relationship.
Termination
Secure offboarding procedures to protect your data and systems when vendor relationships end.
Manage Your Third-Party Risk
Contact us to discuss how we can help you build a robust third-party risk management program.
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