We deliver a structured and efficient framework to identify, assess, mitigate, and monitor third-party risks, ensuring alignment with industry best practices and standards such as ISO 27001, NIST 800-171, GDPR, and SOC2.

Key Features of Our Services

1. Third-Party Risk Assessment

• Conduct thorough risk assessments for vendors, suppliers, and service providers.
• Evaluate risks across multiple dimensions, including cybersecurity, data privacy, operational reliability, and compliance.

2. Due Diligence

• Perform pre-contract due diligence to assess vendors’ security posture and compliance with regulatory standards.
• Review certifications, policies, and practices such as ISO 27001, SOC2, or PCI DSS compliance.

3. Risk Categorization and Prioritization

• Categorize vendors based on their access to critical systems, data, and business processes.
• Prioritize risk management activities for high-risk vendors.

4. Vendor Onboarding and Offboarding Controls

• Implement standardized procedures for onboarding and offboarding vendors to ensure secure integration and disengagement.
• Validate that vendor access is limited and appropriately revoked when contracts end.

5. Contractual Risk Mitigation

• Support the development of vendor contracts with clear security and compliance clauses.
• Include Service Level Agreements (SLAs), breach notification requirements, and data handling protocols.

6. Continuous Monitoring and Reporting

• Set up mechanisms for ongoing monitoring of vendor performance and adherence to security requirements.
• Leverage tools like SecurityScorecard or BitSight for real-time insights into vendor risk.

7. Third-Party Risk Register Development

• Maintain a centralized register documenting all third-party risks, mitigations, and monitoring activities.
• Use dashboards and heatmaps to provide stakeholders with a clear risk overview.

8. Incident Response for Third-Party Breaches

• Establish procedures to manage security incidents involving third-party vendors.
• Ensure rapid communication, investigation, and resolution of breaches.

9. Training and Awareness

• Educate your team on third-party risk management best practices and their role in maintaining vendor security.
• Provide workshops and templates for effective vendor management.

10. Compliance Support

• Align TPRM processes with regulatory frameworks such as GDPR, HIPAA, CCPA, and ISO 27001.
• Prepare for audits with vendor risk documentation and evidence of due diligence.

Why Choose AbizSoft for TPRM?

🔗 Comprehensive Expertise

• With extensive experience in risk management, we understand the nuances of vendor relationships and regulatory obligations.

🔗 Standards Alignment

• Our approach ensures compliance with ISO 27001, NIST, SOC2, GDPR, and other leading frameworks.

🔗 Tailored Frameworks

• We adapt our solutions to your organization’s industry, size, and risk tolerance for maximum relevance and impact.

🔗 Proactive Monitoring

• We leverage cutting-edge tools to continuously monitor vendor risks, ensuring a secure ecosystem.

🔗 Strategic Insights

• Our reports and dashboards provide actionable insights, empowering informed decision-making.

Secure Your Ecosystem, Ensure Compliance

At AbizSoft, we help organizations build secure, reliable, and compliant vendor ecosystems. From initial risk assessments to continuous monitoring, we ensure your third-party relationships enhance rather than jeopardize your business operations.

Let’s Build Secure Partnerships

Contact us today to discover how AbizSoft can help you manage third-party risks effectively and achieve compliance with confidence. Together, we’ll secure your business’s future.