Solution
Cybersecurity
Our third-party risk, internal control, and compliance solutions are designed to support cybersecurity professionals with identifying, analysing, mitigating and monitoring security risks.
3 most common challenges and our solutions
Protecting the organisation against third-party cyber and supply chain risks
In an increasingly interconnected world, organisations extend their operations through collaborations with third parties. While these collaborations often lead to enhanced efficiency and competitiveness, they also expose organisations to cyber risks, which can result in data breaches, supply chain disruptions, legal liabilities and reputation damage. Managing and mitigating these risks is a daunting task, as it requires continuous insight into the entire third-party landscape and capabilities for due diligence and real-time monitoring.
TPRM module
The 3rdRisk TPRM module allows you to manage and mitigate all third-party cyber and supply chain risks. It keeps a real-time watch over your third-party landscape, ensuring you’re always in the know. Should any concern or issue arise with any of your third parties, the platform promptly alerts you, empowering you to take timely and informed actions. Beyond that, It streamlines the third-party due diligence process by automating tasks like dispatching and analysing self-assessments. For organisations that are inclined to outsource third-party cyber risk management, we have established partnerships with renowned partners who are well-versed in leveraging our platform’s capabilities allowing them to deliver excellent quality at a competitive price.
Engaging stakeholders with risk management activities
Effective internal control and risk management are foundational for an organisation’s profitability and success. However, engaging internal teams in these processes can be challenging due to a lack of understanding, inadequate communication, or resistance to change. A user friendly platform that promotes awareness and action is needed to obtain a comprehensive understanding of the internal control environment and timely remediate any issues.
Internal Control module
Our Internal Control module fosters a culture of accountability and awareness by providing an intuitive and collaborative environment where teams can easily perform internal control and risk management activities. It encourages teams to actively participate in the risk management process by leveraging gamification elements and using modern communication channels such as Microsoft Teams and Slack.
Ensuring compliance to industry standards and regulatory requirements (e.g. NIS-2, DORA)
With the constantly evolving regulatory landscape, ensuring compliance with both internal policies and external regulatory requirements can be challenging. The varying regulations across different geographies and emerging requirements from the Network and Information Security Directive (NIS-2) and the Corporate Sustainability Reporting Directive (CSRD), amongst others, further complicate the compliance management process. Ensuring compliance with these regulations is a daunting task, as non-compliance can lead to fines and reputational damage.
TPRM module
Our easy-to-use platform allows you to manage all requirements from industry standards and regulatory bodies. It assists you in efficiently and effectively performing third-party self-assessments as mandated by the NIS-2 and DORA. Do you want to go deeper? As a provider agnostic platform, you can request a third-party (i.e. supplier, vendor, customer) screening or due diligence from our renowned partners directly from our platform, ensuring you have all data consolidated and auditable in one centralised hub. For organisations lacking the resources for third-party risk management, we have established partnerships with renowned partners who excel in leveraging our platform’s capabilities allowing them to deliver high-quality output at a competitive price.
Building a resilient cybersecurity ecosystem: Best practices for CISOs
Mastering DORA compliance: Key requirements and solutions
Network & Information Security Directive (NIS-2): What will it mean for you?
FAQ
In the overview below, we have listed the most frequently asked questions and answers. Do you still have questions? Just reach out to one of our experts.
Can I effectively manage third-party risks with 3rdRisk without having a dedicated team?
Yes. By using the TPRM module of the 3rdRisk platform, you can already assess and monitor up to 100 third parties with only a few hours a week. In addition, you can also decide to outsource third-party risk management or internal control activities. For organisations that are inclined to outsource these tasks, we have established partnerships with renowned partners who are well-versed in leveraging our platform’s capabilities allowing them to deliver excellent quality at a competitive price.
Do I need training to operate the 3rdRisk platform?
No. No training or certification is required to operate the 3rdRisk platform. For organisations that choose to manage their internal control or third-party risk management program in-house, our platform acts as an intuitive platform, streamlining processes and making follow-up and monitoring straightforward. Its design ensures that teams can quickly familiarise themselves with its features, reducing the learning curve and allowing for immediate implementation.