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 VENDEFENSE®, 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, VENDEFENSE helps your vendors correct any security issues that arise in order to protect their organization and yours.
VENDEFENSE® is accepted to satisfy the requirements of HITRUST, ISO 27000-1, NIST CSF, FFIEC, NCUA, GLBA, FISMA, SOC2