GDPR
Our cloud-based risk platform is tailored to help you comply with the General Data Protection Regulation (GDPR) with efficiency and ease.
3 challenges
#1. Third-party privacy risks
Organisations nowadays do business with thousands of third parties. These third parties are increasingly involved in the execution of critical business processes. Keeping an overview of the third-party privacy risks is not simple, but essential considering todays threat landscape.
#2. Stakeholder engagement
Engaging internal teams with risk management and internal control activities, such as risk profiling, control testing or assessment reviews, can be challenging due to a lack of understanding, inadequate communication, resistance to change or tool fatigue.
#3. Compliance workload
Privacy professionals are confronting an unprecedented challenge: the escalating complexity and volume of compliance tasks. Additionally, in our fast-paced and highly competitive labor market, securing risk professionals can be both challenging and expensive.
Key benefits
- Align with best-practices
- Streamline processes
- Improve stakeholder engagement
- Standardise reporting
- Improve decision-making
Our features to simplify & automate compliance
Register internal and external risks. Link risks to a specific third-party, internal control(s) and/or location within your organisation. Follow the ISO 31000 best-practice workflow containing of risk identification, assessment, treatment and monitoring. Use the interactive risk matrix to easily filter different risk disciplines and scores.
One integrated register for all your third parties. Register multiple contracts per third-party. Assign risk profiles to segment your landscape, taking into account multiple risk domains such as cybersecurity, sustainability and compliance. Connect with your procurement system to retrieve and enrich your supplier data.
One integrated register for all your internal & external compliance requirements Use it to manage compliance requirements for security, sustainability, privacy, legal, quality and many others. Define a specific scope & applicability per compliance requirement and link them to one or more assessment questionnaires. Monitor compliance in real-time.
Integrate the different third-party assessment efforts of all your risk and compliance disciplines. Combine questionnaires from different risk disciplines into one third-party assessment. Suppliers log in to a secure supplier portal in which they can collaborate and provide their evidence. Our AI-powered review module makes an initial analysis.
Continuously monitor your third-parties in 2 million news sources and receive instant alerts on negative news articles. Activate our out-of-the-box integrations with BitSight, SecurityScorecard, Ecovadis, Refinitif and many others to retrieve your third-parties' security, sustainability, financial or compliance risks ratings in one central overview.
Consolidate remediation actions across all internal teams and third-parties within a unified action plan repository. Assign ownership through our platform and Microsoft Teams. Set and adjust timelines for each action, with reminders to keep progress on track via our platform's virtual officer, e-mail and Teams. Visual indicators offer status updates, simplifying oversight.
Assign controls to internal stakeholders and third-parties. Schedule control self-assessments according to your internal control planning. Indicate the level of testing per control or in bulk. Report on progress, control performance and action plans. Includes a control heart beat which indicates the performance of controls over time.
For organisations with limited time or resources for third-party risk management, we have formed partnerships with esteemed experts in the field. These partners can fully manage the entire third-party risk management process for you, encompassing risk profiling, due diligence, and real-time monitoring, by using our fit-for-purpose platform. Schedule a conversation.
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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.
How does 3rdRisk ensure the privacy of third-party data handling?
Our third-party risk management platform includes rigorous assessment tools to ensure that your vendors and partners comply with privacy standards. Continuous monitoring and due diligence checks are part of this feature, mitigating the risk of data breaches through external parties
Is it possible to customise privacy controls and permissions within 3rdRisk?
Absolutely. Our platform allows for customisation of privacy controls and user permissions, aligning with your organisation's specific privacy policies and requirements. This includes role-based access controls to ensure that sensitive data is only accessible to authorised personnel.