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At Innovative Insight Consulting, we understand that modern organizations increasingly rely on third parties or vendors to provide key services that were traditionally managed internally. This approach allows organizations to focus on their core capabilities, reduce operational costs, and increase revenue.
However, third parties often lack the necessary security maturity and competence to adequately protect an organization’s data and assets. This can lead to significant data security and compliance risks, especially if sensitive data is involved. Recent studies show that inadequate security controls expose third parties—and the companies they serve—to considerable risk. Malicious hackers often exploit these “soft” targets, such as small or less sophisticated third parties, to gain access to larger organizations through these vendors.
Innovative Insight Consulting partners with clients to assess the security capabilities of their vendors and third parties, providing deeper insight into the potential risks they pose. Our assessments enable clients to make informed decisions about using third-party products and services, including identifying necessary mitigating controls before initiating business engagements and managing ongoing vendor relationships.
Innovative Insight Consulting can also manage your TPRM program as a managed service—Vendor Risk as a Service (VRaaS)—and handle responses to your clients’ questionnaires on your behalf.
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