GDPR
3 challenges
GDPR
NIS aims to establish a common level of security for network and information systems. These systems play a vital role in the economy and wider society, and NIS-2 aims to address the threats posed to them from a range of areas, most notably cyber-attacks
01.
3rd Party privacy risk
Organisations nowadays do business with thousands of third parties. These third parties are increasingly involved in the execution of critical business processes. Keeping an overview of the third-party privacy risks is not simple, but essential considering todays threat landscape.
02.
Stakeholder involvement
involving internal teams with risk management and internal control activities, such as risk profiling, control testing or assessment reviews, can be challenging due to a lack of understanding, inadequate communication, resistance to change or tool fatigue.
03.
Compliance Workload
Attracting risk professionals can pose challenges and incur significant expenses. This is especially true as organisations grapple with challenges across various risk domains, striving to mitigate emerging risks and manage the rising number of compliance frameworks and requirements.
Our solution
An all-in-one risk platform
Risk management
One integrated risk register for all internal risk disciplines
Register internal and external risks. Link risks to a specific third-party, internal control(s) and/or location within your organisation. Follow the ISO 31000 best-practice workflow containing of risk identification, assessment, treatment and monitoring. Use the interactive risk matrix to easily filter different risk disciplines and scores.
Third-party management
All your third-party information centralised and connected
One integrated register for all your third parties. Register multiple contracts per third-party. Assign risk profiles to segment your landscape, taking into account multiple risk domains such as cybersecurity, sustainability and compliance. Connect with your procurement system to retrieve and enrich your supplier data.
Compliance management
Obtain a full overview of all your internal and external compliance requirements
One integrated register for all your internal & external compliance requirements Use it to manage compliance requirements for security, sustainability, privacy, legal, quality and many others. Define a specific scope & applicability per compliance requirement and link them to one or more assessment questionnaires. Monitor compliance in real-time.
Assessment management
Third-party self-assessment activities streamlined and automated
Integrate the different third-party assessment efforts of all your risk and compliance disciplines. Combine questionnaires from different risk disciplines into one third-party assessment. Suppliers log in to a secure supplier portal in which they can collaborate and provide their evidence. Our AI-powered review module makes an initial analysis.
Real-time monitoring
Instantly receive alerts about your third-parties and follow-up efficiently and effectively
Continuously monitor your third-parties in 2 million news sources and receive instant alerts on negative news articles. Activate our out-of-the-box integrations with BitSight, SecurityScorecard, Ecovadis, Refinitif and many others to retrieve your third-parties' security, sustainability, financial or compliance risks ratings in one central overview.
Action plan management
Assign action plans to internal stakeholders and third-parties and track follow-up
Consolidate remediation actions across all internal teams and third-parties within a unified action plan repository. Assign ownership through our platform and Microsoft Teams. Set and adjust timelines for each action, with reminders to keep progress on track via our platform's virtual officer, e-mail and Teams. Visual indicators offer status updates, simplifying oversight.
Trusted by top brands
Client Cases
Learn how client uses 3rdRisk to add value in their organisation.
Your return on investment
Thanks to automation, AI and smart workflows, 3rdRisk users save an average of 140 hours per 10 third-party assessments compared to traditional spreadsheet approaches. This quickly translates to a savings of 7 FTEs when more than 1000 assessments are sent out.
Design & Configure assessments
Response performance
Response rate
Review & assess assessment
Best-practices
In the Content Hub, we have best-practice content available for every industry and risk discipline, from sustainability and cybersecurity to continuity.
The SIG, short for “Standardized Information Gathering (Questionnaire)” is a third-party information security and privacy questionnaire.
Standardized Information Gathering (Questionnaire)
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