You are responsible for the data shared with third parties and privacy laws mandate it! With third party data loss and breach risk on the rise, proactively managing your vendors is critical to preventing losses and fines. Our Third Party Risk Management offering addresses risks and moves your privacy program towards compliance. We set the foundation for your program – analyzing the data you share with third parties, ranking the risks and providing next steps to keep you compliant with current laws. Our pragmatic “Learn, See, Do” approach moves you towards action, quickly!
Third Party Risk is one of the most complex topics in data privacy and security and also the least addressed. Our assessment and jumpstart confronts these challenges head-on so your organization can feel confident managing these ever-changing relationships and maintaining compliance.
Third Party Risk Management Assessment is a single day engagement that delivers high level risk methodology for known vendors, identifies and prioritizes risk gaps, and creates a risk scorecard on TPRM across the enterprise.
Third Party Risk Management Jumpstart is a highly interactive, week-long engagement that stands up your initial TPRM program across your Top 5 Vendors. Deliverables include an enriched vendor master database, templates, privacy notice & policies, contract management, and a comprehensive risk report.
Our Third Party Risk Management Foundational Jumpstart aligns your organization to
today’s vendor risk laws and landscape to reduce risk of fines and liabilities.
Legal education and operational training
Discovery into 4 key pillars of TPRM
Scorecard & actionable first steps
Fast-tracked completion of consumer data asset inventory
Playbooks: Privacy Notices, Contract Management
Vendor risk questionnaire
Customized next steps according to Roadmap results
Ongoing program maintenance including compliance upkeep
Outsourced management of specific pieces or full privacy program
Third parties are in integral part of nearly every business today. Staying on top of them, however, can be challenging. While privacy laws require maintaining an ongoing third party program, many times this can feel like a moving target as employees unknowingly deploy tools internally, new vendors are introduced quarterly and legacy systems aren’t fully off boarded. Our Third Party Risk programs help level-set your Third Party Management, providing the practical steps and guidance you need to build your risk program and ensure it functions properly within privacy and security.
Our recommended first step
Targeted privacy solutions
Targeted security solutions
Most engagements start with Discovery to determine where you are on your privacy and security journey.
Build is where we execute. Whether compiling data asset inventories or generating full subsets of your program (Cybersecurity, Consumer Consent & Response, Third Party, or Artificial Intelligence), we are your partner in building you right-sized processes and tooling to ensure you achieve success.
Maintaining data privacy and security is not a one-time endeavor; it is an on-going effort. Programs require ongoing management and monitoring to ensure timely updates and necessary amendments are made to stay compliant. Manage addresses compliance upkeep, outsourcing and maintenance.