Philadelphia resident and Athlone-born man Will Sweeney recently won the Philadelphia Business Journal’s 40 Under 40 Award for his achievements in the data security and privacy industry.
Third-Party Risk Management
Today’s interconnected business environment often requires the sharing of sensitive information with third parties, and as organizations continue to expand their third-party ecosystems, it’s crucial to put the right safeguards in place. Zaviant helps clients identify, assess, monitor, and mitigate threats to data security and privacy stemming from third parties.
Third-Party Risk Management Expertise
Third-party risk management program design and implementation
Third-party audits
Third-party risk management technology integration
Third-party issue remediation and response
Trusted by Leaders of Industry
Our team of expert consultants works closely with Fortune 500 companies, mid-market businesses, and not-for-profit organizations spanning industries including retail, manufacturing, finance, technology, and more.
What is Third-Party Risk Management?
Third-party risk management, sometimes referred to as TPRM, is the process of identifying, assessing, and mitigating risks associated with third-party vendors. Because third parties often have access to an organization’s sensitive data, they can be the principal cause of cyberattacks, data breaches, and compliance failures.
Third-party risk management as a service often involves vendor risk assessments, due diligence, monitoring, and compliance management. Ultimately, the goal of third-party risk management is to help organizations effectively manage the privacy, security, regulatory, operational, financial, and reputational risks that may emerge from third parties.
Why is Third-Party Risk Management Important?
In our highly interconnected world, nearly all organizations engage with third-party vendors, suppliers, or partners to some degree. By effectively assessing and mitigating risks associated with these relationships, a strong third-party risk management program ensures the protection of sensitive information, the resilience of cybersecurity measures, and compliance with regulatory requirements.
Protect Sensitive Information
Sharing data with third-parties is often necessary, but it always comes with risks. TPRM helps mitigate these risks.
Prevent Cyber Attacks
Third-party vendors can unintentionally create entry points for cyberattacks. TPRM puts safeguards in place to prevent this.
Stay Compliant
If your vendors aren’t compliant with privacy regulations, your organization may be at risk. TPRM ensures vendors meet all necessary compliance requirements.
A Compendium for Obtaining & Retaining Cyber Insurance
Take advantage of our free in-depth cyber insurance guide.
How Zaviant Can Help
Zaviant serves as a trusted third-party risk management partner for some of the nation’s largest companies. We can help your organization:
Design, implement, and manage a robust third-party risk management program
Integrate trusted third-party risk management technology solutions like OneTrust
Analyze third-party policies and procedures
Proactively identify and mitigate risks caused by third-parties
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