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BD Emerson understands the complexities of today's interconnected business world and the risks inherent in third-party partnerships. Our Vendor Risk Management Consulting Services are expertly designed to empower your organization with the knowledge and tools needed to manage and mitigate these risks effectively.
Why Us
01.
Industry Expertise: With 15+ years of experience in development projects and delivering services, we recognize the significant impact of data breaches and non-compliance financially on your reputation.
02.
Technology Consulting: We provide expert guidance and support to enhance digital security and protect sensitive information. Our services encompass strategy development, security audits, control implementation, and regulatory compliance to provide your organization with a comprehensive and integrated solution.
03.
Trusted Partnerships: By collaborating with industry-leading security providers, we ensure our clients have access to state-of-the-art security technology and managed security services, giving them peace of mind knowing that their cybersecurity needs are in capable hands.
Risk Assessment
Identify the risks and weaknesses within your operations
Identity and Access
Controlling access to resources based on identity
Organizational Policies
Informing the requirements for technical controls
Prioritize and manage potential security risks
Adhering to applicable laws and regulations
Policy Enforcement
Administrative actions to guide the organization to compliance
Protecting the flow of information within a network
Protecting data and resources in the cloud
Vulnerability Management
Identifying and mitigating potential security weaknesses
Endpoint Security
Securing devices connected to a network
Application Security
Protecting software systems and their underlying data
Backup and Recovery
Ensuring data availability and recoverability
Security Training
Educating employees on secure practices
Threat Intelligence
Gathering and analyzing information on current and emerging threats.
Incident Response
Responding to and managing security incidents
Security Culture
Rewarding and recognizing security minded staff
Penetration Testing
Simulating real-world attacks to identify vulnerabilities
Disaster Recovery
Maintaining operations and restoring systems after a disruption
Our Audit Services
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Understanding Third-party Risk Management Services
What is Third-party Risk Management?
Third-party Risk Management (TPRM), also known as vendor risk management, is the process of assessing and mitigating risks associated with external vendors, suppliers, and service providers. In our interconnected market, reliance on third-party entities is common, but it introduces various risk levels. These risks can range from honest mistakes to severe cyberattacks, impacting the security and operations of the hiring company.
Benefits of Third-party Risk Management Consulting:
- Mitigation of External Risks: Proactive identification and management of risks from third-party associations.
- Enhanced Security and Compliance: Aligns your business practices with regulatory standards, securing data and operations.
- Strengthened Business Continuity: Ensures the reliability and resilience of third-party relationships, contributing to seamless business operations.
BD Emerson's Comprehensive TPRM Services
Tailored Solutions for Comprehensive Risk Management
- Adaptive Third-party Screening: Utilizing Vanta's sophisticated analytics and AI, alongside our capability to integrate other preferred tools, we provide versatile and in-depth cyber risks assessments from diverse data sources.
- Thorough Background Investigations: Our meticulous background checks, bolstered by Vanta's extensive data resources, are designed to unearth key risk factors, with the flexibility to adapt to any specific toolset you prefer.
- Detailed Risk Assessment and Analysis: Employing robust methodologies enhanced by Vanta’s insights, we also remain adept at working with alternative strategic risk assessment tools to suit your vendor landscape.
- In-depth Remote and On-site Assessments: Leveraging the power of Vanta's platform, complemented by our ability to utilize other systems, we conduct comprehensive inspections and evaluations of third-party controls.
- Dynamic Monitoring and Reporting: Offering continuous monitoring and detailed reporting, BD Emerson uses Vanta's technology as a primary tool but can seamlessly adapt to other platforms based on client requirements.
Partnering with BD Emerson for Versatile Vendor Risk Management
Why Choose BD Emerson's Vendor Risk Management?
- Customized Approach: We, as your trusted TPRM consultant, tailor our risk management strategies to align with your unique business objectives and needs, leveraging Vanta's adaptable solutions or any other tools of your choice.
- Full-Spectrum Support: Beyond third party risk management consultant services, BD Emerson provides end-to-end implementation support and ongoing advisory services, utilizing Vanta's automated systems or alternative solutions as needed.
- Advanced Risk Management Techniques: By combining the latest industry practices with Vanta's innovative vendor risk management tools, we stay ahead of risks, yet we remain flexible to employ other technologies as per your business preferences.
At BD Emerson, we pride ourselves on our partnership with Vanta as a certified partner, offering their advanced vendor risk management services and solutions. However, we recognize the importance of flexibility and are fully equipped to work with a range of tools and technologies that best suit your organization’s needs. Our goal is to provide a service that is not only technologically advanced but also highly adaptable, ensuring that your third-party risk management strategy is both effective and aligned with your specific business requirements.
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FAQs
Why is third-party risk management important?
Third-party risk management is vital for identifying and mitigating risks from external entities, ensuring sensitive data security, regulatory compliance, and operational continuity.
How is AI transforming third-party risk management?
AI revolutionizes third-party risk management through advanced analytics for risk assessment, automating vendor monitoring, and predictive insights to preempt potential threats.
How to write a third-party risk management (TPRM) policy?
A TPRM policy should clearly outline objectives, scope, and risk management methodology, including vendor selection criteria, ongoing monitoring guidelines, and operational risk response strategies.
What are the key components of effective third-party risk management strategy?
Effective third party risk management service includes thorough risk assessments, continuous monitoring of vendors, compliance with regulations, and a robust incident response plan for breaches.
How can an organization implement a third-party risk management program effectively?
Many organizations can implement TPRM programs by establishing clear policies, conducting regular vendor risk assessments, ensuring contractual safeguards, and utilizing continuous monitoring tools.
What role does technology play in TPRM?
Technology is crucial in TPRM for risk assessment tools, monitoring vendor compliance and performance, and automating various risk management processes.
How often should third-party risks be assessed?
Regular assessments of third-party risks are recommended, with frequency depending on the relationship's nature, financial risk level, and changes in the business environment.
Related Case Studies
Other Services
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Other Audit Services
Our accreditations
At BD Emerson, we believe that our team's extensive certifications not only set us apart but also ensure that we provide the highest level of service to our clients
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This certification provides preferential access to government contracts for a company as a Service-Disabled Veteran-Owned Small Business
This certification validates the ability to design and deploy well-architected systems on AWS that are scalable, resilient, and efficient
This certification demonstrates an individual's ability to design and implement security solutions to secure applications and data on AWS
This certification demonstrates an individual's ability to create a company vision, structure a privacy team, develop and implement a privacy program, and much more
These certifications demonstrate a strong understanding of U.S. and European privacy laws and regulations and how they apply to companies
This globally recognized certification validates an individual's expertise in designing, implementing, and managing a best-in-class cybersecurity services program
This designation is given to those who hold both CIPM and CIPP certifications and have significant experience in the field of privacy
This certification validates the baseline skills needed to perform core computer security functions and pursue an IT and cyber security career
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This certification validates the ability to implement, monitor, and maintain Microsoft technologies
This certification demonstrates excellence in leading and directing project teams
Our Team
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