3 TPRM Challenges Facing Organizations in 2021
The journey towards full maturity will slow down as organizations adapt to the new normal. Here’s how to face the…
February 24 – 28th – Moscone Center
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When engaging with a vendor, how do you assess their ability to safeguard your data?
We are the online network to connect, assess, and share relevant security documentation
Leveraging 10,000+ third-parties utilizing our platform, you can expedite the risk assessment process
The “many to many” approach
Save time by accessing already populated security profiles and by inviting new third-parties to the network. This approach encourages and simplifies participation and avoids the cost of data collection.
Transparency for better planning
Leverage audit trails that identify service level enhancements, performance improvements and gaps in the assessment process.
Better incentives with a network
Increase your assessment rate with a tool that your third-parties will also want to use. Redundancies are removed on both ends and time to completion is reduced from months to weeks.
Streamline and simplify issue tracking
Working with hundreds or thousands of third-parties is made easier with a cross-functional, collaborative platform for issue management, that converts identified gaps into actionable and trackable items.
Collect documents based on risk
Increase the number of assessments completed per year with requirements such as:
You can also require your third-party to add their most critical vendors to the platform, thus monitoring fourth-party risk.
Increase transparency around progress
With the ThirdPartyTrust platform, information security teams can share vendor lifecycle statuses, view a real-time progress bar, and even invite business leaders into the process.
Managing findings to close
Security analysts can review findings, assess remediation dates, and view uploaded documents provided by third-parties. They can open a discussion thread without having to call or email.
Tracking, sorting and segmenting
Develop a system of labels, rules and filters to manage the overall approval process, along with a vendor progress status bar for everyone to see. Filters allow you to drill down to the third-parties that need attention.
Real-time notifications
Be up to date with third-party activity and their security posture – whether it be a change to an answer in a questionnaire, an updated security policy or document, or a task completed.
Extend your data inputs
Streamline your assessment process and turn on recurring review cycles. 90-60-30 days before, your third-parties will be notified of expiring documents, giving them enough time to update.
A formula for understanding risk
Utilizing pre-built or customizable metrics, teams can score the potential impact a third-party may have on the business, according to information provided by them and data gathered externally.
Data feeds and integrations
Our tool has several pre-built integrations and supports external content providers and standards (SIG, CSA). To accurately understand the risk of each third-party, you can customize the weight of various data inputs.
That third-party risk must be managed in an efficient and scalable way given the right toolset, regardless of industry.
Made a monotonous process that no one wanted to do easier and more manageable. The overall process to integrate vendors is simple.
Anthony Litterio
Information Security Engineer, Spencer Stuart
The key thing that we love about ThirdPartyTrust is the visibility we gained with its dashboard. We have a quick view of all the third-parties listed and their impact, trust score, risk score, etc. It’s a very clear layout.
Carrie Klinginsmith
Senior Manager at Take-Two
The issues ThirdPartyTrust handles are critically important for us in managing our risk profile.
Chief Security Officer, Advocate Healthcare
This solution provides a one stop shop for all vendor related security assessments. It has eliminated the need for us to constantly email or call vendors with specific questions related to their responses.
Chris Robertson
Business Security Liaison, CoreSource Insurance
Simplified next generation vendor management solution.
Deepu Kumar
IT Security, US Foods
If we would like to understand the spirit of 3PT, we should examine what drives every action we take, our values: Persistence, People, Passion, and Trust.
We are relentless about serving our customers. We always work with tenacity and determination in everything we do.
It’s only through teamwork that we achieve greatness. We respect the individual and celebrate the things that make each person unique.
We love what we do. Each individual contributes their best in everything to achieve optimal results. Life is too short to do things that do not bring you joy.
Being honest and inspiring confidence are the spirit essentials of ThirdPartyTrust. Trust is needed for a sustainable and successful collaboration.
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