Third-Party Risk Management
Ongoing cloud & security services that allow you to do what you do best
With third-party cyber attacks on the rise and privacy concerns driving new regulations, it’s more important than ever to ensure that your suppliers can properly manage critical systems and data.
On the other hand, manually collecting, maintaining, and analysing risk status is inefficient, error-prone, and costly. Iris Networks makes compliance and risk reduction easier and faster with our unified, automated Third-Party Risk Management (TPRM) tools.
Overview
A Cloud-based thrid-party risk management system
Vendor risk monitoring, assessment workflow and remiedial management
Standardised risk reports on thousands of firms
Backed by our skilled team
Why use Iris Networks for your third-party risk management?
Vendor intelligence networks supplement the platform by providing on-demand access to finished, standardised risk reports on thousands of firms. To help you optimise and develop your TPRM programme, our solutions are backed by skilled professional and managed services.
Thrid-Party Risk Management Benefits
Increases insight into vendor, supplier, and other third-party cybersecurity risks and business exposures
Inside-out vendor risk assessment and outside-in vendor risk monitoring are centralised and unified
Enhances the efficiency of vendor evaluation, compliance, due diligence, and remedial efforts
Allows for risk-based decisions to be made in order to prioritise remediation and ensure compliance.
Provides role-based reporting for ensuring compliance and mitigating third-party risk
Through the Prevalent Connector Marketplace, it may be integrated with other best-of-breed risk and security solutions
Provides a collaborative platform for identifying and addressing common risks, which strengthens vendor relationships.
Helps procurement teams reduce cost, complexity and risk exposure when sourcing vendors.
Key Capabilities for Third-Party Risk Management
Planning and advising services
Unify vendor management, assessment and monitoring
To provide a 360-degree picture of risk, the Iris Networks Third-Party Risk Management Platform unites vendor management, risk assessment, and threat monitoring. Onboarding vendors, assessing them against standardised and bespoke questionnaires, correlating assessments with external threat data, revealing, prioritising, and reporting on risk, and facilitating the remedial process are all made simple by the platform.
Correlate vendor controls
Shared vendor risk reports
Shared networks of completed vendor risk reports can help you grow your TPRM programme. You may easily verify risk status and supplement your own risk assessment programmes using the Prevalent Exchange, Legal Vendor Network, and Healthcare Vendor Network.
Get In Touch
Interested in leveraging the Iris Networks Cloud and Security Posture Assessment to assess your cloud infrastructure security? Get in touch today.