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Vendor Risk Assessments

VerSprite’s expertise in vendor risk encompasses many layers: operational, technology, security, compliance, and legal risk. We go beyond audit questions and checklists. Our methodology centers around a contextual risk analysis of vendor services to our clients, coupled with security risk management frameworks that are relevant to your control objectives.

Vendor Tiering:

Managed service offerings around tiering client vendors and applying a custom security assessment to each tier, based upon vendor risk profiles defined by VerSprite and client groups.

Vendor Risk Assessment:

Individual vendor risk assessment engagements for client vendor(s) that may jeopardize physical and logical security for the client organization. We deliver an objective report to the client organization with risk analysis for findings and prescriptive remediation guidance.

Vendor Risk Reporting:

Create a tiered vendor risk landscape of all vendors based upon 30-point risk criteria. Provide guidance on the levels of assessment efforts and cadence that an internal vendor risk program should apply.

Vendor Contract Legal Assist:

Assist legal groups on reviewing vendor contracts in order to determine if the proper level of risk mitigation is being considered in the legal language of key vendor contracts.

Evidence Based Risk Analysis:

VerSprite helps clients of any industry manage vendor risks by first addressing the scope of vendors to assess and determining the right impact level, cadence, and measures of analysis to be completed for each vendor. Beyond vendor security posture, we consider inherent threats associated with the service model, data model, technology scope, and impact to business goals. Below is a visual on how we help clients prioritize a vendor prioritization queue for vendor risk assessments.

VerSprite’s custom Vendor Risk Assessments (VRAs) give organizations the most thourough look at their third-party risks.

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Vendor Risk Management: Software vs. Custom Risk Assessment Services

When it comes to vendor risk, what are the pros and cons of third-party risk management software versus custom vendor risk assessment services? Which is better for your organization? In this eBook, we compare the 7 most important determinants to how each type of service stacks up.

Download the guide to review all seven categories, plus get our complimentary checklist to use when reviewing your own software or service. Get the Guide →