Vendor Risk Management Services

In the reactive world, if you have 100 vendors, you have 100 separate spreadsheets containing their security information. Identifying risk across vendors, such as who has access to sensitive data or is up for reassessment is extremely difficult. In the proactive world, you are able to identify, assess, track and monitor vendors through their entire lifecycle with TBG Securitys integrated offering. Our approach to Vendor risk Management is strightforward. *** Review** - Review your existing processes and procedures along with the list of in-scope vendors

• Brainstorming - We think outside the box to come up with creative solutions to the pain points you have identified.
• Define Risk Appetite - Determine key risks of third party by lines of business and risk domain. Update to reflect changes in regulations and business practices.
• Planning - Develop the assessment methodology and plan the approach to accessing the risk each vendor posses to the organization.
• Launch - Once we have aligned on the approach and risk appetite we begin the process of assessing your third party vendor risk and identify high risk vendors leveraging Whistic and RiskRecon .
• Monitor and Improve - On an ongoing basis, we actively monitor and review each third party commensurate to the risk appetite of the organization.

**Key Benefits; **

• Technology and services. TBG Security risk professionals deliver VRM services in a single, industry-leading technology platform powered by Whistic and RiskRecon.
• Define workflow and methodology. Take advantage of automated workflows for vendor intake, risk ranking and security assessments. A defined methodology for assessments, validation and scoring allows you to compare vendors and focus on those that present the most risk.
• See the full picture. Gather, store, query, and report on vendor information and unlock insights previously struck in static spreadsheets. Gain confidence by fully understanding the security risks across all your vendors.
• Remove barriers and build a more secure organization. TBG Security streamlines and solidifies the intersection of business units and security reviews. Tackle the challenges that cause business to sidestep security by adopting a fully customizable vendor intake process.