Third-Party Risk Assessment

Enhance Third-Party Risk Assessment with Optiv
 

Third-party risk assessment is essential for protecting your organization from a variety of threats, but developing and overseeing a third-party risk management (TPRM) program can be extraordinarily resource-intensive. The need is real – more than half of security breaches today originate with a third party. Yet the sheer volume of partners, vendors and other third parties makes robust third-party risk assessment almost cost-prohibitive.

Optiv can help. We offer third-party risk solutions that enable you to effectively plan, develop and manage third-party risk assessment more easily and cost-efficiently while significantly reducing your exposure to high-risk third-party relationships.

Optiv Solutions for Third-Party Risk Assessment
 

Optiv is a market-leading provider of end-to-end cyber security solutions, helping clients to plan, build and run successful cyber security programs. Our diverse and talented team of security specialists partner with clients to provide a comprehensive suite of products, services and solutions that enable organizations to operate more successfully in an increasingly connected world.

Our third-party risk assessment services include:

  • Program assessment, evaluating current programs to identify gaps and provide recommendations for improvement while also evaluating current program maturity levels.
  • Program development, with services to assist in building new third-party risk assessment programs or refining existing programs.
  • Discovery and categorization services, helping clients begin to identify and classify all the various third-party relationships and identifying which vendors pose the greatest risk.
  • Security risk assessment services, determining whether vendors meet industry and corporate security standards through assessment options that range from remote questionnaire-based assessments to on-site, in-depth assessments aligned to current methodology or to methodology developed with Optiv.

With third-party risk assessment solutions from Optiv, you can improve third-party risk management while minimizing cost and reducing the burden on IT teams that are already stretched thin by other priorities.

Benefits of Optiv's Managed Services for Third-Party Risk Assessment
 

To further simplify third-party risk assessment, we offer a TPRM-as-a-Service solution in Optiv Evantix. This supplier risk management platform expertly identifies and measures third-party risk by assessing relationship risk, business profile risk and control risk using powerful assessment tools, a logical workflow, industry-specific compliance standards and relevant business strategy.

As a TPRM-as-a-Service technology, Evantix requires no startup time or expensive installs. Regardless of your program maturity level, you can quickly start your third-party risk assessment process using built-in industry assessments and integrated workflows. Evantix can handle hundreds of thousands of third parties, providing standardized risk scoring for quick decision-making.

Learn more about third-party risk assessment with Optiv.