Third party risk management (TPRM)
At Cyprotect, we understand that third-party vendors can pose a significant risk to your organization's cybersecurity.
That's why we have developed a comprehensive Third Party Risk Management (TPRM) framework that includes a third-party risk management policy and procedures.
To further enhance TPRM processes, we work closely with your organization's legal department to create a standard cybersecurity annex to include in third-party vendor contracts. We review third-party contracts and verify that they comply with the organization's requirements.
To ensure that the vendors and systems comply with the TPRM and security standards, we perform Third Party Security Assessments (TPSAs). These assessments enable us to identify any potential risks or vulnerabilities and take appropriate action to mitigate them.
We believe that third-party risk management is an essential part of your overall cybersecurity strategy. By implementing robust TPRM processes, we can minimize the risk of cybersecurity incidents caused by third-party vendors, safeguard your organization's data, and maintain your customers' trust.
In conclusion, our TPRM framework is designed to provide comprehensive coverage of all third-party vendors, ensuring that our organization's cybersecurity risks are minimized. We are committed to continually improving your TPRM processes to keep pace with the evolving threats and risks to your organization's data.
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