Today’s reliance on outsourcing brings both cost savings and increased vulnerabilities. High-profile incidents like the Colonial Pipeline cyberattack highlight the need for strong Third Party Risk Management. At The Data Privacy Group, we help companies build effective TPRM frameworks to identify, mitigate, and monitor vendor risks, ensuring compliance and operational resilience.
Outsourcing can reduce costs and boost efficiency but also brings new risks. The Data Privacy Group’s Third Party Risk Management program helps you minimise these vulnerabilities by streamlining vendor onboarding, enforcing accountability, and maintaining compliance. We enable continuous monitoring of vendor performance and security, empowering your business to manage risks proactively.
✔️ 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.
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.
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.