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 |2021-05-25T14:25:29+00:00May 25th, 2021|Blog|0 Comments

Vendor Risk Assessments in 60 Minutes

Vendor Risk Assessments in 60 Minutes When  information security teams are overburdened, evaluating vendor and enterprise risks can quickly consume far too much time and budget. Many organisations rely on a one-size-fits-all assessment, delivering a selection of PDF's, MS Word documents, Excel spreadsheets, and emails linking to a variety of online portals. These assessments are inflexible and time-consuming, allowing for only a limited amount of data to be processed. The review process also ends up frustrating both staff and vendors, the makings of an efficiency nightmare. Assessing vendors for cyber risk is important and necessary, particularly if you share data with an external party, currently taking 4 weeks on average per entity to complete cyber risk assessments. The good news is that it doesn't have to be that way. This article shows how cyber risk assessments can be completed to the same level of detail in as little as 60

By |2021-04-08T07:25:08+00:00March 15th, 2021|Blog|0 Comments

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 |2021-04-08T07:19:28+00:00February 11th, 2021|Blog|0 Comments

Simplifying Third-Party Vendor Risk Management

Simplifying Third-Party Vendor Risk Management For many organisations, setting up, managing and maintaining a third-party vendor risk management programme using questionnaires can be a complex, costly and time-consuming exercise. Vendors are often required to respond to similar questionnaires from multiple organisations. For vendors, this can be a tedious and complex process that takes time and, ultimately, money to answer. In this article we will look at some of the security questionnaire basics and explain how to avoid sending burdensome questionnaires, making your vendor management system more efficient and your questionnaire evaluation process more accurate and far less time consuming. Why is there a security questionnaire in my inbox? According to the Ponemon Institute, the average cost of a data breach in 2020 was $3.86 million. Third-party vendors are now, more than ever, a vital component of an organisation’s supply chain. In fact, research conducted by Gartner shows that third parties

By |2021-04-08T07:18:07+00:00February 4th, 2021|Blog|0 Comments