A third-party risk assessment covers evaluating the risk associated with working with outside vendors. Companies are implementing or selecting third-party vendors to improve their efficiency and provide services they cannot perform including outsourcing risks that can often compromise the quality of their product or service. InterSec's third-party risk assessment reviews a vendor's services to your company and assesses its risk. This review assigns a risk level to every vendor relationship you have so that they may be evaluated more effectively. We ensure that we cover all the risks when evaluating your vendors and provide you with a proper insight into what you need to do to secure your business.
Advantages of Intersec’s third party risk assessment
There are many benefits to having a third-party risk assessment done from InterSec. Here are a few of the advantages you receive using our Third-Party Risk Assessment service.
Satisfy Regulatory Requirement Many security policies mandate that companies with the federal government perform a third-party risk assessment to assess their level of risk to security breaches. Without performing these assessments, companies would not be allowed to conduct business with the federal government.
Identify Areas of Weakness Risk assessments help determine what specific security domains need to be addressed or implemented further. This service helps detail the compromising weaknesses of an organization's security control implementations. Mitigate Third-Party Risk Exposure Continuous monitoring gives you timely insight into the third parties' security posture. The need for an assessment can be triggered based on a change in security rating, an applicable regulation, or other business factors. ensuring that only current risk is taken into account and potential risk is minimized.
Reduce Potential Breaches Our security teams can gather accurate, up-to-date information as part of a risk assessment by analyzing vulnerabilities and reporting them through the platform using this data to uncover compromised information more quickly and control reaction thresholds based on organizational risk tolerance.
a Solid VEndor assessment framework
Our vCISO can be very beneficial to an organization that has limitations on the resources and can provide to its cyber security program. Along with cost savings, vCISOs can provide companies with specialized skillsets that can be used to cover gaps in their current security policy. A vCISO can help companies properly implement security mandates so that their data and networks stay secure.
Insight into Third- Party environment
Our offering gives you visibility into your organization's relationships with vendors and how the interconnectivity of various entities affects your organization. This insight can be used to make strategic decisions regarding vendor choice.
Reduce Time, Cost of Assessments
With InterSec continuously monitoring third parties, we can help establish efficient reassessment schedules to reduce the amount of work that needs to be done for security posture and reduce risk within the organization.
features of Third party risk assessment service
There are many facets of third-party risk assessments, and many depend on your organization and vendor relationships. InterSec offers a holistic approach to Third-Party Risk assessments to ensure that you have a good view into what risks are posed by certain vendors, and we work with you from there to have proper measures to mitigate them
Vendor Risk Criteria Establishment
We create a list of the most threatening risks your organization might face from vendor products or services that might compromise security.
Classification and Vendor SCreening
We perform due diligence on all vendor relationships for a risk management framework that standardizes all onboarding and screening for third-party vendors working with your company.
Easy to Manage Risk Assessments
We use comprehensive risk assessments, continuously monitor high-risk vendors, and work with specialized experts to analyze gathered data to issue reports.
Security Performance results assessment
We keep track of your info security ratings to ensure a higher level of security posture and help you identify which vendors are truly risky.
Fourth Party Risk assessment
We review your suppliers' and vendors' vendors through a third-party risk programs and identify additional risks you could encounter
Managed Security
Our third-party cyber risk management services protect our partners' data on an ongoing basis ensuring allround protection.
Regulatory Compliance
We ensure that all third-party and partner information data is stored and handled in compliance with regulations.
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