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Intelligence-driven Cyber Defense

Third Party Risk Management

The primary goal of a Cyber Fusion Center is to predict, detect, prevent and respond to cyber threats in a proactive and coordinated manner, using an intelligence-driven analysis and tailored incident response process.

Stay Assured With Comprehensive Third Party Risk Management

Every year businesses are more and more dependent on digital platforms to provide and manage their products and services. Supply chain eco-system is a major contributor to the success of delivering effective business outcomes. Given the complexity, cost pressures and competency demands, organizations are looking to outsource services to various third parties where they can focus and invest more on their businesses rather than investing on developing everything inhouse.

Navigating The Challenges Of Your Extended Enterprise

What Inspira Provides

1
Due Diligence helping classify your third parties

2
Risk Profiling to identify the impact of TP to your business

3
Risk Assessment with different execution models

4
Outside-in view services to continuously monitor your third-party posture

5
Managed Third Party Lifecycle Services

6
Risk Mitigation & Roadmap

Framework

Execution Approach

Basic Postulates
  • Define Third Party Risk Management framework
  • Assessment Methodology base lining
  • SIG (Supplier Information Gathering), template creation/validation
Inventory Management & Risk Classification
  • Gather third party profile data
  • Third party data inventory and classification
Third Party Risk Assessments
  • Conduct LITE and Integrated assessments for low and medium risk third parties
  • Perform onsite assessments for High risk parties
Remediation Tracking
  • Manage third party risk register across third party risk assessment program
  • Track remediation of control weaknesses
Reporting
  • Ad-hoc and on demand reports and metrics
  • Ongoing monitoring & reporting of compliance
Integration with other GRC Platforms
  • Pre Assessment
  • Assessment / Evaluation
  • Remediation & Closure
  • Reporting

Supported Use Cases

Simplifies and Secures

ROI147% Return On Investment70% Audit Cost ReductionReal Business Value Achieved By Our Clients
Time3 Weeks Fully Operationalized Implementation20% Onboarding
Speed Increase
150% Increased Analyst Productivity35% More Organization Assessed
Risk70% Remediation
Success Rate
62% Self-score Increase50% Overall Risk Reduction30% Third-party Score Increase

Supported TPRM Use Cases

New Vendor Onboarding

Own Enterprise Posture Monitoring

Benchmarking

Vendor Assessment

Supply Chain Management

Continuous Monitoring

Contact Us For A Customized Briefing Session