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 VRM services help you to pinpoint the vendors that present the most risk to your organization—equally evaluating all third-party vendors and bringing your weakest links to the surface. Armed with a standardized, risk-based scoring methodology coupled with a built-in remediation plan, FRSecure will work to assist your vendors in correcting any security issues that arise in order to protect their organization and yours.

Our risk assessment and VRM services satisfy the requirements of HITRUST, ISO 27000-1, NIST CSF, FFIEC, NCUA, GLBA, FISMA, and  SOC2.

Vendor Risk Management

Frequently Asked Questions

FRSecure uses SecurityStudio for vendor risk management. This software platform employs S2Vendor to measure and manage the security risk of an organization’s vendors.

We follow a 6-step process that includes:

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

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.