Third-Party Risk Management Services

Third-Party Risk Management Services

Third-Party Risk Management, also called Vendor Risk Management, assesses the risks associated with using outside service providers. The process can help your organization set up effective cybersecurity practices to prevent the vendor you hire from introducing exploitable vulnerabilities into your system.

Risk Management

It’s common to rely on vendors to provide additional expertise or services. But if your company’s cybersecurity program doesn’t include policies and procedures that cover third-party risk management, these outside partners might inadvertently introduce exploitable vulnerabilities into your system. Several high-profile hacks, such as SolarWinds, involved third-party vendors infecting their customers. Malicious actors can use third parties to launch attacks on your company, exploiting vulnerable back doors, partner portals, and less secure accounts to plant malware or access your data.

A good way to protect your organization is to expand your risk program to include third parties. TalaTek’s third-party risk management services will help you:

  • Define your program’s risk appetite, goals, processes, and metrics
  • Collect inventories of your third-party partners and the data they access
  • Analyze your third-party partners’ systems for gaps in compliance with your goals, frameworks, and regulations
  • Plan appropriate action for each identified risk and design exit strategies for critical third parties
  • Remediate known gaps and implement a governance plan

 Unique to TalaTek, we’ll use TalaTek intelligent Governance and Risk Integrated Solution (TiGRIS) , our GRC managed service, to collect and analyze your third-party risk data and deliver your action plan, including recommended workflows and key risk metrics. With this critical information in place, you can leverage TiGRIS as the foundation of your third-party risk management program. TiGRIS centralizes all of your risk, compliance and IT security data into a single system of record to provide a true enterprise view of your risk status.

To learn more about our third-party risk management services, contact us»

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