Solution
Privacy
Our third-party risk, internal control, and compliance solutions are designed to support privacy professionals with identifying, analysing, mitigating and monitoring privacy risks.
3 most common challenges and our solutions
Maintaining data privacy compliance across jurisdictions
Navigating the complex web of data privacy laws that vary by region, such as GDPR in Europe, CCPA in California, and others globally.
Internal Control module
The 3rdRisk Internal Control module streamlines the management of data privacy obligations across multiple jurisdictions. The platform is updated with the latest global data privacy regulations, enabling organisations to remain compliant with various regional laws through a centralised, intuitive platform.
Managing third-party data privacy risks
Ensuring that third-party partners and vendors comply with data privacy standards, a critical aspect given the interconnected nature of modern businesses.
TPRM module
The 3rdRisk TPRM module offers robust third-party risk management capabilities, including thorough due diligence and continuous monitoring to ensure third-party partners adhere to data privacy regulations. This minimises the risk of privacy breaches and non-compliance through external entities.
Ensuring privacy in internal data handling
Safeguarding sensitive data within the organisation, including employee and customer information, against unauthorized access and breaches.
Internal Control module
The 3rdRisk Internal Control module provides tools for establishing and maintaining strong internal controls over data privacy. This includes role-based access controls, audit trails, and regular internal audits to ensure sensitive data is handled securely and in compliance with privacy standards.
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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?
3rdRisk's third-party risk management module 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 3rdRisk 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.
Can I integrate my own compliance framework into 3rdRisk?
Yes, you can. 3rdRisk allows you to integrate your existing compliance framework into our platform. This flexibility ensures that you can maintain continuity with your current processes while leveraging our advanced compliance management tools. We also have a Content Hub with prefilled best practice frameworks and questionnaires.
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.
What is NIS-2?
NIS-2 legislation builds on previous NIS regulations and aims to enhance the security of network and information systems within the European Union. This requires member states to identify and implement appropriate security measures. The primary objective? Reduce cyberattack risks and limit their impact.
