Third-Party Risk Assessment We will conduct comprehensive assessments of third-party vendors to evaluate their security practices and compliance with relevant standards. We will aim to identify potential risks associated with third-party relationships, including data breaches, regulatory non-compliance, and operational disruptions. Vendor Security Framework We will develop a tailored framework for evaluating third-party security practices, including criteria for onboarding, continuous monitoring, contract review, and termination. We can also establish risk categories to prioritise vendor assessments based on the nature of their services and access to sensitive data. Due Diligence and Background Checks We will help you implement due diligence processes to verify the security posture of third-party vendors before engagement. We can also conduct background checks on vendors, including reviewing security certifications and past incident history. Contractual Security Requirements We can assist in drafting and negotiating security-related clauses in contracts with third-party vendors to ensure that contracts clearly define security responsibilities, incident response protocols, and compliance obligations. Ongoing Monitoring and Review We will establish a framework for continuous monitoring of third-party security practices and performance. We can also perform regular reviews and assessments of vendor relationships to ensure compliance with their service agreements and manage risks in accordance with your risk appetite. Incident Response Planning We can develop incident response plans that incorporate third-party scenarios, ensuring coordinated responses to security incidents involving vendors. We can also conduct tabletop exercises to test the effectiveness of incident response plans with third-party scenarios.