Third-Party Risk Assessment

The Information Security Team plays a crucial role in assessing and mitigating cyber risks associated with the utilization of third-party services and providers handling customer information. This team has the responsibility to identify and reduce potential cybersecurity threats within your division, team, or faculty.

The Information Security Team plays a crucial role in scrutinizing and mitigating cyber risks associated with the use of third-party services and providers handling customer information within your division, team, or faculty. Whether establishing a new relationship or managing an existing one, conducting thorough evaluations is essential for making informed decisions on how to handle your suppliers.

What you need to know

Cybercriminals typically target valuable data, such as credit card numbers, bank account information, and social security numbers. Organizations storing or processing such information may become prime targets.

Once infiltrating a vendor’s network, hackers often attempt to navigate through the system to find potential access points into your network. This strategy, known as pivoting, involves using a compromised device to access others.

Without adequate security controls, detecting a breach becomes challenging, allowing hackers to remain undetected on networks for extended periods until acquiring the necessary credentials to access your systems.

What we offer

CEREIV provides a comprehensive suite of Third-Party Risk Assessment-Vendor Risk Assessment services, addressing and controlling cyber risks affecting your organization, information, operations, and reputation.

CEREIV’s Third-Party Risk Assessment team conducts real-time, on-demand, and constant evaluations of critical security risk indicators. This proactive approach allows organizations to anticipate and manage risks effectively, demonstrating control quality to regulators, and allocating resources where they are needed most.