Solution

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
Solve your challenges

Our features to simplify & automate compliance

Risk management: One integrated risk register for all internal risk disciplines
Risk management: One integrated risk register for all internal risk disciplines

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.

Third-party management: All your third-party information centralised and connected
Third-party management: All your third-party information centralised and connected

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.

Compliance management: Obtain a full overview of all your internal and external compliance requirements
Compliance management: Obtain a full overview of all your internal and external compliance requirements

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.

Assessment management: Third-party self-assessment activities streamlined and automated
Assessment management: Third-party self-assessment activities streamlined and automated

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.

Real-time monitoring: Instantly receive alerts about your third-parties and follow-up efficiently and effectively
Real-time monitoring: Instantly receive alerts about your third-parties and follow-up efficiently and effectively

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.

Action plan management: Assign action plans to internal stakeholders and third-parties and track follow-up
Action plan management: Assign action plans to internal stakeholders and third-parties and track follow-up

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.

Internal control: Register internal controls and efficiently conduct control self-assessments
Internal control: Register internal controls and efficiently conduct control self-assessments

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.

Managed service: Outsource TPRM to one of our partners and benefit from their scale, expertise and global reach
Managed service: Outsource TPRM to one of our partners and benefit from their scale, expertise and global reach

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.

Some of our
GDPR
clients and partners

Customer stories

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.

Still have a question?

Our experts are always here to help you out.

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