Secure your supply chain, secure your business.
We support a number of our partners who carry out assurance on third-party solutions or vendors as part of an RFI/RFP process.
You'll be offered support in ensuring supplier reliability and security through various means such as conducting third-party audits, guiding self-assessments and questionnaires, evaluating and certifying third-party solutions and services, and examining RFI/RFP submissions.
How to tell if this is for you
You have a number of suppliers that you need to manage from a security perspective
You received your requests for RFP / RFI and want to ensure you have the best chance of winning
You are struggling to find the resources to manage the security of your supply chain
Ensuring the security and reliability of your supply chain through our supplier assurance partnership
Supplier assurance can help you comply with various regulations and standards, such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standards (PCI-DSS).
By identifying and addressing issues with suppliers early on, you can potentially save costs associated with rectifying problems later.
Supplier assurance can provide you with the information you need to make more informed decisions when selecting suppliers.
By ensuring that suppliers meet certain standards and requirements, you can build stronger, more trustworthy relationships with them.
By conducting supplier assurance, you can identify and mitigate potential risks associated with your suppliers, such as security breaches or reputational damage.
By ensuring that suppliers have adequate security measures in place, you can improve your overall security posture and protect against potential breaches.
Supplier assurance is a significant task to carry out, but we facilitate a method for you to manage risk in a beneficial and affordable way
We'll work with you to understand the scope and exact requirements you need, Identify suppliers and vendors that have access to your system and data.
The next step will be to assess the risk associated with each supplier or vendor.
This can be done by evaluating factors such as the type of services provided, the level of access to sensitive information, and the potential impact of a security breach.
Based on the risk assessment, we'll help you conduct assessments of the suppliers and vendors.
Supplier assurance refers to the process of evaluating and certifying the security and compliance of an organisation's suppliers and third-party vendors. It helps organisations identify and mitigate potential cyber security risks associated with their suppliers.
Supplier assurance is important because third-party vendors and suppliers can potentially introduce vulnerabilities or risks to an organisation's systems and data. By conducting supplier assurance, organisations can identify and address these risks, and improve their overall security posture.
The frequency of supplier assurance will depend on the organisation's risk appetite and the criticality of the vendor's or suppliers' services. It's recommended to conduct supplier assurance on a regular basis, at least annually or whenever there are significant changes to the supplier or its processes.
The benefits of supplier assurance include compliance with regulations and standards, risk reduction, cost savings, improved relationships, better decision-making, and increased security.
Potential risks associated with third-party vendors include security breaches, data loss, reputational damage, and regulatory non-compliance.