Third Party Risk Management

Security Assessment Questionnaire Response Automation

Making the case for Security Assessment Questionnaire Response Automation Business partnerships require trust – without it, success is very difficult to attain. In the current business landscape, however, it's increasingly difficult to tell whether a vendor is trustworthy and deserving of that trust. As information technology becomes more advanced, so do the ways in which trust can be broken. Today, the potential for intentional or unintentional breakage of it has increased multifold. Assessing security risk with questionnaires is one method to effectively understand the security risk that a vendor may pose to the business, particularly if you entrust them with your data. If you are reading this article, you’ve more than likely handled your fair share of security assessment questionnaires. Like us, you are probably frustrated by the entire process too. We would like to make the case for automated security questionnaires in the article below. The traditional approach to

By |2023-03-30T17:09:33+00:00May 25th, 2021|Blog|Comments Off on Security Assessment Questionnaire Response Automation

A better way to conduct security assessments?

A better way to conduct security assessments? The vendor security assessment process is too long, inefficient and time consuming.  A much better way to perform vendor security assessments would be to use the body of unbiased content that already exists in most companies: the security policy. Here we show you how. The traditional approach to security assessments In 2020, the global average cost of a data breach was $3.86 million, according to Ponemon’s Cost of a Data Breach Report. The report also notes that should a third party cause the data breach, the cost will increase — by more than $370,000. It is no wonder that in the wake of GDPR and large data breaches, organisations require due diligence from their third party vendors, usually in the form of security questionnaires. A security questionnaire assesses your, a vendor or third party's technology systems, physical security and policies. As illustrated in

By |2023-03-30T17:09:52+00:00February 11th, 2021|Blog|Comments Off on A better way to conduct security assessments?