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

The Venminder Information Security & Privacy Assessment provides you with an easy-to-understand and comprehensive cybersecurity and information security risk assessment for each vendor.

At a glance, you’ll know if a vendor is providing regulatory-acceptable service relating to cybersecurity, physical security, business continuity and resiliency.