Vendor Risk Management

Know your level of third-party risk. More than half of all security breaches result from third-party vendors hired by your organization. So it’s critical that you identify the vendors working for you and determine the level of risk they bring. The easiest way to do this is by using vendor risk management software. Our proprietary vendor risk management (VRM) software, called SecurityStudio, allows you to pinpoint the vendors that present the most risk to your organization. Through an easy-to-use automated workflow, this VRM tool equally evaluates all third-party vendors and brings your weakest links to the surface. Armed with a standardized, risk-based scoring methodology coupled with a built-in remediation plan, SecurityStudio helps your vendors correct any security issues that arise in order to protect their organization and yours.

SecurityStudio® is accepted to satisfy the requirements of HITRUST, ISO 27000-1, NIST CSF, FFIEC, NCUA, GLBA, FISMA, SOC2

Frequently Asked Questions

What software do you use?

FRSecure uses SecurityStudio for vendor risk management. This software platform employs FISASCORE® to measure and manage the security risk of an organization’s vendors.

What steps are involved in vendor risk management?

We follow a 6-step process that includes:

  • Identifying vendors
  • Implementing policies and procedures
  • Internal departments identifying and classifying vendors
  • Self-assessed FISASCOREs collected
  • Facilitated FISASCOREs conducted
  • Validated FISASCOREs  conducted

How much does vendor risk management cost?

We offer three different levels of vendor risk management services depending on your needs and the number of vendors. Contact us for a custom quote.