With the regulatory bar being raised, staffing and budget can be a challenge

Many organizations struggle to complete and review multiple (and multi-page) documents, including System and Organization Controls (SOC) reports based on risk assessments for various control objective or Trust Services Criteria as well as determine if their Business Continuity Planning (BCP) analysis meets FFIEC guidance for a wide-reaching analysis of a variety of risks.

Due to the complexity and changing nature of cybersecurity and information security guidance and standards, it’s become increasingly difficult to identify the data that you need to gather and then interpret to understand the overall risk associated with a vendor. Many often err on the side of asking for unnecessary data, while vendors, overwhelmed by increased demand from clients, often fail to deliver requested data within a timely fashion, if at all.

The result is that you and your team could spend inordinate amounts of time gathering data from vendors and then comb through multiple documents to create what they hope are comprehensive risk assessments.

How We Help

Venminder’s Information Security and Privacy Assessment (ISPA) provides you with a comprehensive yet easy-to-understand risk assessment for vendors who impact your information security and data privacy posture.

Venminder handles the end-to-end process of building relationships with your vendors, gathering documentation and filling gaps through ongoing communication with each vendor. Our goal is to ensure that you have confidence in the security and privacy abilities of the vendors you choose to do business with by providing an efficient and time saving approach to comprehensive third-party risk management. By showing inherent and residual risk in the same dashboard view, the Venminder ISPA allows your organization to quickly understand the maturity of that vendor’s security environment at a high level, while also providing the technical details that your security and risk management experts want to see.