What is Third Party Assurance?
Build trust with your third-parties to enable and fuel long term relationships that lead to growth and partnership
As security-aware organizations, we invest a considerable amount of time, resources and money in protecting ourselves from external, malicious threat actors. There are many ways in which a threat can undermine these investments, and it is a method that is becoming increasingly common and effective: exploiting third parties.
As an organization that is undoubtedly part of a wider supply-chain and network of partners and subsidiaries, you are only as strong as the weakest link in that chain—especially if network access and sharing of information is commonplace.
Third Party Assurance is SubRosa Cyber Solutions’ services-based offering and is compiled of the assessment, management and safeguarding of your organization’s third parties. Typically, such organization’s include suppliers, partners, acquisitions and clients.
What is Third Party Assurance?
Third-Party Due Diligence
Merging or acquiring another business can be a rewarding, yet risky endeavor. Ensuring that the entity you are acquiring has been forthright about their risks and liabilities should not be taken lightly. SubRosa third party due diligence services ensures that before a deal is completed, you know the exact cybersecurity risks you face as an acquiring entity.
Service Overview- Designed for pre-engagement organizations, including mergers, acquisitions and new vendors
- Assess the full security and risk program of the organization
- Incur little-to-no cost of assessing new mergers (and in some cases new vendors)
Expected Results
- Better understand the risk and security posture of a new acquisition and vendor
- Potential grounds for leverage in the negotiation of acquiring a new partner, vendor or merger
- Designed for pre-engagement organizations, including mergers, acquisitions and new vendors
- Assess the full security and risk program of the organization
- Incur little-to-no cost of assessing new mergers (and in some cases new vendors)
Expected Results
- Better understand the risk and security posture of a new acquisition and vendor
- Potential grounds for leverage in the negotiation of acquiring a new partner, vendor or merger
Vendor Risk Management
Supply-chain breaches are among one of the most common, and potentially impactful forms of cyber-attack. Managing vendor risk is no longer a task that should be limited to just the large enterprise; companies of all sizes should be aware of their supply-chain cyber risk.
Service Overview- Suitable for existing suppliers to your organization
- Assesses the security risk of your entire supply-chain
- Profiles, organizes and categorizes suppliers based on their risk to your organization
Expected Results
- Align your suppliers with your organization’s security posture and mission
- Improved overall enterprise risk management
- Suitable for existing suppliers to your organization
- Assesses the security risk of your entire supply-chain
- Profiles, organizes and categorizes suppliers based on their risk to your organization
Expected Results
- Align your suppliers with your organization’s security posture and mission
- Improved overall enterprise risk management
Client Assurance
Navigating a complex regulatory environment while running a business can be burdensome, especially on the small business. Combined with the ever growing demand from one’s Clients to maintain cybersecurity prowess, a company can quickly experience operational impact in trying to keep up with all the requirements.
Service Overview- Respond to your client security Requests for Information (RFI)
- Leverage SubRosa’s security expertise to provide deep, technical responses when needed
- Engage SubRosa in client meetings to provide in-person expertise
Expected Results
- Improve the timeliness and accuracy of your client responses
- Become more competitive during your client’s acquisition and continuous monitoring of their suppliers
- Respond to your client security Requests for Information (RFI)
- Leverage SubRosa’s security expertise to provide deep, technical responses when needed
- Engage SubRosa in client meetings to provide in-person expertise
Expected Results
- Improve the timeliness and accuracy of your client responses
- Become more competitive during your client’s acquisition and continuous monitoring of their suppliers
Service Models
Outsourced
Leverage SubRosa’s full domain expertise to assess your third-party information security risk
All activities covered under a monthly retainer fee
Program is designed, run and executed by SubRosa
SLAs on all assessments and reporting
One-week notice to travel onsite
Remote, and physical onsite assessments included
Included governance, risk and compliance software support
Option for client-owned, custom framework production
Client-Managed
Leverage SubRosa’s domain expertise when needed
Assessment and reporting on an as-needed basis, per client requests
No upfront or retainer costs
No service level agreements (SLAs) on assessments and reporting
Optional governance, risk and compliance software support
Four weeks’ notice to travel onsite
All frameworks, tools and methods remain the property of SubRosa Cyber Solutions
More Resources:
Why is Due Diligence Necessary When Dealing With External Vendors
Why is Due Diligence Necessary When Dealing With External Vendors? Due diligence is an integral part of vendor risk management. In fact, it may be the most important task you can do when
Why Cybersecurity for Manufacturing Companies is a Must
Why Cybersecurity for Manufacturing Companies is a Must Technology and connectivity have changed the way we conduct ourselves on a daily basis. Of course, that has impacted industry as well – particularly manufacturing
5 Reasons Why Third-Party Assurance is Fundamental for Businesses
5 Reasons Why Third-Party Assurance is Fundamental for Businesses Third-party assurance enables organizations to assess the information security risk and the potential impact on their business operations that is posed by vendors or