Third Party Risk Management Services

Protect Your Business While Maintaining Operational Efficiency

Today’s reliance on outsourcing brings both cost savings and increased vulnerabilities. High-profile incidents like the Colonial Pipeline cyberattack underline the importance of robust Third Party Risk Management. At The Data Privacy Group, we specialise in implementing and optimising OneTrust to help organisations build scalable TPRM frameworks that identify, assess, and continuously monitor vendor risk—strengthening compliance, visibility, and operational resilience.

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Building an Effective Third Party Risk Management Programme

Why TPRM Matters for Your Business

Outsourcing can reduce costs and boost efficiency—but it also introduces new and often hidden risks. The Data Privacy Group helps organisations manage these risks through robust Third Party Risk Management programmes built on OneTrust. By streamlining vendor onboarding, enforcing clear accountability, and embedding compliance into day-to-day processes, we enable continuous visibility into vendor performance and security. The result is a proactive, scalable approach to managing third-party risk that protects your business as it grows.

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Our Proven 8-Step TPRM Implementation Approach

Steps to Building a Resilient TPRM Program

Build Your Inventory: Import existing third-party lists or conduct discovery assessments.
Classify Vendors: Prioritize relationships by categorizing vendors by risk level.
Select an Assessment Framework: Choose standards like ISO 27001 or NIST SP 800-53.
Develop Assessment Processes: Set validation levels, review protocols, and define risk reporting.
Establish Risk & Control Framework: Work with our experts to customise a risk methodology.
Automate Workflows: Streamline onboarding, assessment, and reporting with automation.
Build Reports & Dashboards: Track key metrics such as vendor risks and contract statuses.
Continuous Improvement: Refine your TPRM program to stay proactive against new threats.

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Ensure Vendor Accountability and Mitigate Risk

Gain full control over your third-party risk management program. Schedule a consultation with The Data Privacy Group today and safeguard your business against third-party risks with our tailored solutions.

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Third Party Risk Management Services FAQs

WHY IS A THIRD PARTY RISK MANAGEMENT PROGRAM NECESSARY?

Third-party relationships introduce unique risks, including data breaches and compliance challenges. A TPRM program helps mitigate these risks, ensuring that vendors meet your security and regulatory standards.

HOW DO YOU CLASSIFY THIRD-PARTY VENDORS BY RISK LEVEL?

We classify vendors into risk tiers (high, medium, low) based on factors like access to sensitive data, regulatory requirements, and operational criticality, allowing you to prioritize oversight and manage resources effectively.

CAN TPRM PROCESSES BE AUTOMATED?

Yes, automation is key to a successful TPRM program. We help automate workflows, including vendor onboarding, risk assessments, and compliance reporting, which reduces manual workload and enhances efficiency.

WHAT ASSESSMENT FRAMEWORKS ARE AVAILABLE FOR TPRM?

We work with various industry-standard frameworks such as ISO 27001, NIST SP 800-53, and CSA CAIQ, ensuring your TPRM aligns with best practices and regulatory requirements.

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Elevate Your Third Party Risk Management

In today’s interconnected business environment, a robust TPRM programme is essential to maintain operational resilience and meet regulatory requirements. The Data Privacy Group’s comprehensive services enable you to assess, monitor, and manage vendor risks with confidence. Partner with us to strengthen your risk management framework, streamline compliance, and secure your organisation against third-party vulnerabilities. Embrace proactive risk management and focus on what matters most – growing your business securely.

CONTACT OUR EXPERTS

The team is an incredible resource to ensure our privacy program runs smoothly. Their ability to understand the intersection of privacy compliance with technical systems and to convey needed information to internal business partners effectively is a great asset to any privacy program. Peter and the DPG team are also great partners to work with on developing our overall privacy strategy.

SRIKANT MIKKILINENI

Senior Counsel, Privacy and Data Protection – Vontier

I really appreciate their authentic command of privacy laws and requirements. They are great project managers, great system folks and they substantively understand data privacy. I now have one view over the entire privacy and compliance footprint, globally. We were impressed at how quickly we got the job done with DPG, and the artefacts that the team left behind.

WILLIAM KARAZSIA

Assistant General Counsel, Privacy and Data Protection – Fortive

The Data Privacy Group provides us with a robust set of services and processes to ensure all aspects of our Data Privacy Management needs are met. Having fast-tracked our business to compliance, we now have the surety of an annual compliance audit as well as having a valued and reliable support system to deal with any ad hoc requirements we may have.

KANTA HIRANI

Finance Director – CSP Ltd.