THREE ESSENTIAL STEPS
WHAT IS THE THIRD-PARTY ASSESSMENT?
The Third-Party Assessment collects essential data from all of your third-parties regarding access to and handling and usage of your sensitive information. This data provides you with the information necessary to identify and mitigate risks, ensure compliance with key regulations, and prepare for litigation or an audit.
WHY DO I NEED IT?
Cybersecurity and privacy regulations like the GDPR, 23 NYCRR 500 and Federal Acquisition Requirements require companies to conduct periodic, logically scheduled third-party diligence on any third-parties with access to sensitive information. Companies must now routinely and systematically assess all vendors – including presumed low-risk vendors – to demonstrate effective diligence and document evidence of controls.
HOW DOES IT WORK?
We offer the only solution that quickly identifies which third-parties require comprehensive assessment according to key regulations like the GDPR, 23NYCRR 500, FARs and more.
The Third-Party Assessment is built upon globally recognized frameworks and regulatory guidelines and delivered through our unique service delivery model. This powerful solution eliminates manual, resource-intensive processes, enabling you to broaden the scope of your third-party risk management program while documenting and automating the entire process.
We provide the best practice standards and streamlined processes necessary to assess all vendors and surface hidden risks.
This service enables legal and compliance officers to comply with regulatory guidelines, while supporting IT efforts. The Third-Party Assessment is the most essential due diligence solution available.