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Supplier assurance

Secure your supply chain, secure your business.

What is supplier assurance?

Designed by vectorjuice / Freepik

Overview
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
receive

You are struggling to find the resources to manage the security of your supply chain

60%
Businesses, experienced a cyber attack from third-party vendors.
75%
of organisations have experienced a data breach caused by a third-party vendor
84%
of organisations believe that third-party supplier risk management is essential

Companies that work with us

Reduce risk, improve security, become compliant and make better decisions

Ensuring the security and reliability of your supply chain through our supplier assurance partnership

Compliance

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).

Cost savings

By identifying and addressing issues with suppliers early on, you can potentially save costs associated with rectifying problems later.

Better decision-making

Supplier assurance can provide you with the information you need to make more informed decisions when selecting suppliers.

Improved relationships

By ensuring that suppliers meet certain standards and requirements, you can build stronger, more trustworthy relationships with them.

Risk reduction

By conducting supplier assurance, you can identify and mitigate potential risks associated with your suppliers, such as security breaches or reputational damage.

Increased security

By ensuring that suppliers have adequate security measures in place, you can improve your overall security posture and protect against potential breaches.

How it works

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

The scope

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.

Assessing risk

The next step will be to assess the risk associated with each supplier or vendor.

Evaluating risk

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.

The result

Based on the risk assessment, we'll help you conduct assessments of the suppliers and vendors.

Frequently Asked Questions

What is supplier assurance in relation to cyber security?

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.

Why is supplier assurance important for cyber security?

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.

How often should supplier assurance be conducted?

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.

What are the benefits of supplier assurance?

The benefits of supplier assurance include compliance with regulations and standards, risk reduction, cost savings, improved relationships, better decision-making, and increased security.

What are the potential risks associated with third-party vendors?

Potential risks associated with third-party vendors include security breaches, data loss, reputational damage, and regulatory non-compliance.