There is a new and different way to manage vendor process compliance and third-party risk. It is very different from the common methods you are likely familiar with. User friendly for vendor risk administration and data-supply-chain audits, you can identify a full supply chain of 3rd and 4th party vendors regardless of how many sub functions and countries are being regulated.
If you want to manage compliance and third-party risk quickly, safely and effectively, then click on the link below to schedule a demo.
On average over 180 vendors access a company’s network in a given week, and 85% of organisations are unaware of their data being accessed by Nth party processors who they have no direct relationship with. Vendor landscapes include illegitimate Nth party data handlers and left unmonitored will increase exposure to disruption of business critical processes.
Cyber-attacks originating via third parties are on the rise. 57% of organisations don’t know if their vendor safeguards are sufficient to prevent a breach and of these 71% say a primary third-party vendor would NOT contact them about a data breach. The cost of a data breach can be crippling to any business continuity plan.
Audited data privacy policies and global industry data security standards are regulated with punitive consequences for non-compliance. The care of duty and the risk rests with the data controller (the originator and caretaker of the data). Well prepared risk programs that include efficient vendor management will mitigate risk when balanced with a responsible cyber and liability insurance investment.
P3 iTracker identifies transfers of data for registered outsourced processes.
All Vendor SLA’s relating to single processes in one place to make contract audits more cost efficient.
Remove risk and identify vendors who are not delivering business critical service process.
Remove channels that offer cyber criminal agents a back door into your mission critical systems
Our iTracker foundation solution is easily layered into other sophisticated security platform investments
By excluding unqualified vendors your legitimate partners will invest in your business continuity strategy
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