Most organizations assess third parties to manage financial risk. Sometimes small risks open the door to more serious consequences. Losing revenue can cause problems, but it is recoverable. Losing your reputation may not be.
In conventional third party risk assessment programs, Risk assessment templates are nice, but time consuming and only a snapshot in time. Also SOC II assurance reports or ISO certificates don’t guarantee the protection of your data with your third parties.
There are currently new ways to produce more effective third-party risk programs and streamline the assessment process. Data Praesideo can help you reducing assessment cost and improve assessment quality to take better investment decisions with your third parties.
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