Third Party Assurance
Third-Party Assurance enables organizations to assess information security risk and the potential impact on business operations posed by their supply chain and other third parties. The process of Third-Party Assurance enables organizations to assess, monitor and manage vulnerabilities in line with their risk tolerance.
Today’s business environment is increasingly globalized and supplier-reliant. As a result, third parties are becoming an increasingly important source of breaches of regulated data. Tightened regulations mean that organizations are susceptible to be liable for the security controls and actions of their third parties.
Third parties play an increasingly important role in the day to day operations of most organizations. The increased demand and reliance on third parties has led to a drastic increase in risk posed to you, the client.
Third party assurance requires a unique, risk-driven approach in order to be effective. Your relationships with your third parties will differ, vendor to vendor, each requiring a unique and custom approach to assessing and managing risk.
SubRosa’s third party assurance program helps its clients to effectively manage third party risk, and enhance reporting and metrics organization-wide and consists of the following key service types:
Service Overview
Assess your entire supply-chain for cybersecurity risk and benchmark, profile and hold accountable all suppliers for their cybersecurity programs.
Expected Results
- Increased business resiliency through a hardened, security-conscious supply chain.
- An enhanced risk picture through the incorporation of vendor risk management in enterprise risk.
- A more effective supply-chain that works to improve your corporate security posture.
Service Overview
Assess acquisitions and new suppliers for their cybersecurity risk and include contract and legal language to support all cybersecurity requirements while negotiating with suppliers and acquisitions based on cybersecurity risk.
Expected Results
- Make security-driven, informed purchasing and sourcing decisions
- Reduce risk when acquiring new organizations
- Reduce the costs associated with acquisitions
Service Overview
Respond to client RFIs in a timely, professional manner while leveraging the full expertise of SubRosa’s client assurance team.
Expected Results
- Stand out from your competitors by providing professional, security-conscious responses.
- Improve your own security program through continuous consulting.
We provide confidence that your third-party risks are mitigated, using our holistic, industry best-practice approach
SubRosa’s Third-Party Assurance program is a fully scalable, proven framework that can be quickly implemented to enable you to begin assessing the risks posed to your organization. Our staff can be deployed anywhere in the world, representing your organization to your vendors and developing your full risk picture.
For larger enterprises, SubRosa works closely with partners and clients to implement vendor risk management tools to better assist organizations in managing their vendor cybersecurity risk.
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