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Venminder is used by organizations of all sizes in all industries to mitigate vendor risk and streamline processes

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We focus on the needs of our customers by working closely and creating a collaborative partnership

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Sample Vendor Risk Assessments

Venminder experts complete 30,000 vendor risk assessments annually. Download samples to see how outsourcing to Venminder can reduce your workload.

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About

Venminder is an industry recognized leader of third-party risk management solutions. 

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900 organizations use Venminder today to proactively manage and mitigate vendor risks.

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Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2021 Report

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State of Third-Party Risk Management 2022

Venminder's sixth annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.

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podcast

How to Safeguard Your Organization From Third-Party Cyber Risk

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Are you prepared for third-party cyber risk?

Protecting your customers' sensitive information is important. Understand the weaknesses and risks associated with your vendors.  In this podcast, learn how to safeguard your organization from third-party cyber risk.

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Podcast Transcript

Hi - this is Hershey with Venminder. 

In this 90-second podcast, you’re going to learn seven important steps to protect your organization from third-party cybersecurity risks.
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Here at Venminder, we have a team of certified information technology experts who know the best ways to defend your organization from cybersecurity threats.

To protect your customers’ sensitive information, it’s important to understand the weaknesses and risks associated with your vendors that could make your organization vulnerable to cybersecurity threats.

Here are a few ways to safeguard your organization:

  1. Employ expert staff members who have the tools and knowledge to evaluate and monitor a vendor’s risk. If you don’t have the resources within your organization, you can outsource assessments to experts.
  2. Include understanding vendor cyber risk as one of your vendor management goals. Take proactive steps to identify and mitigate inherent cyber risks.
  3. When performing due diligence, include a risk assessment that incorporates cybersecurity components. For example, what kind of information is collected, transmitted, or processed?
  4. Ensure that you understand the inherent risks that your vendors present. Make sure that your vendors have the proper procedures in place to identify and respond to cyberattacks.
  5. Be prepared to train your employees, analyze information, and allocate the proper resources to manage and mitigate the risk present.
  6. When possible, request an industry-appropriate third-party review such as a SOC or HITRUST audit to assess your vendor’s cybersecurity.
  7. And finally, number seven, check to make sure that your vendor’s cybersecurity program aligns with your organization’s program. Determine the amount of access your vendor will have to sensitive information, find the areas of weaknesses, and create plans to handle threats to cybersecurity.

In cases where your vendor has access to sensitive information, it’s important to protect your organization and your customers. By understanding your vendor’s risk, identifying their weaknesses, and ensuring that there are procedures in place to address cybersecurity threats, you’re taking crucial steps to safeguard your organization.

Thanks for tuning in; catch you next time!

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