Vendor Risk Workshop

Workshop Summary

Vendor risk management ensures that third-party suppliers and service providers do not pose security or operational risks to the organization. This workshop helps businesses evaluate and manage the risks associated with third-party vendors.

Assess

We assess the organization’s current approach to vendor risk management, including third-party evaluations, contract terms, and security audits. This includes reviewing any existing risks posed by vendors and identifying areas for improvement.

Advise

Based on our assessment, we recommend implementing a comprehensive vendor risk management framework, including regular security audits, risk assessments, and contractual obligations regarding data security and compliance.

Execute

We create a roadmap for implementing the vendor risk management framework, outlining processes for evaluating and onboarding vendors, conducting regular assessments, and managing risk mitigation efforts. The plan includes defining roles for ongoing monitoring and vendor performance evaluations.