Managing 3rd Party Risk
A company can outsource activities, but it cannot outsource its risk
In today’s environment, outsourcing activities and managing 3rd party vendors introduces significant risk in an organization. We’ve all heard of company breaches caused by vulnerabilities in third-party environments. Partnering with insecure vendors can easily result in lost revenue and the ability to conduct business, not to mention significant legal fines.
At Guidacent, we help companies establish IT Compliance Programs, manage audits and assessments, remediate known vulnerabilities, and execute their cybersecurity roadmaps. This includes managing vendor selection, onboarding of services and solutions, and maturing the control environments of clients and their vendors. Guidacent helps to identify the appropriate control frameworks, establish efficient tools and processes, and trains client staff to continue maturing the program after the engagement.