THIRD-PARTY RISK MANAGEMENT
THIRD-PARTY RISK MANAGEMENT
Aligning security risk with business objectives.
What is Third Party Risk Management?
What is Third Party Risk Management?
Third-party risk management (TPRM) is the process of analyzing and controlling risks associated with outsourcing to third-party vendors or service providers. This could include access to your organization's intellectual property, data, operations, finances, customer information or other sensitive information.
Five Components of a Third-Party Management Program
TPRM is particularly important for high-risk vendors who process sensitive data, intellectual property or other sensitive information
- Planning
- Selection
- ERM
- Negotiation
- Termination
- Monitoring
How can Yellowcard assist your organization?
Small businesses are becoming more and more dependent on third parties for their core service offerings. Whether you’re in the healthcare industry, legal, financial, or academics, you rely on digital tools that manage your data, as well as your customers.
How much do you know about the security of your vendors? Let Posit Security Group support you in developing a Third-Party Risk Management Program. We are experts. We are certified. We understand how to ask the right questions.