Vendor Risk Management
Res-Q-Rity offers premier Vendor Risk Management solutions, safeguarding your business from third-party vulnerabilities and enhancing operational security.
What is?
Vendor Risk Management
Vendor Risk Management (VRM) is a critical process for identifying and mitigating risks associated with third-party vendors who have access to your systems and data. It involves assessing the security practices of your vendors to ensure they meet your organization’s standards for data protection, cybersecurity, and compliance.Effective VRM helps in preventing data breaches and financial losses by ensuring that vendors adhere to stringent security protocols, thereby protecting sensitive information and maintaining trust with stakeholders.
Third-Party Data Access
Ensuring secure data handling practices.
Compliance Verification
Maintaining regulatory compliance across vendors.
Contract Negotiations
Informed risk-based contract decisions
Continuous Monitoring
Ongoing assessment of vendor security postures.
Our Approach - We start by identifying all your third-party vendors and categorizing them based on the level of access they have to your data and their criticality to your operations. This step is vital for understanding which relationships pose the most significant risk and therefore require more in-depth assessment and monitoring.