Overview
A truly holistic Third Party Risk Management (TPRM) program goes beyond the reactive response that is typically limited to third party contract reviews, and takes a proactive approach to ensuring risk is adequately understood, communicated, and managed within acceptable thresholds.
As business increase their dependence on third parties, and customers increasingly are concerned about their provider’s risk posture, it is now evident from breach data of the last few years that some of the largest breaches in history have been made possible by a weak third party link, causing financial losses and reputation damage to many organizations. This is driving the need for a holistic approach the encompasses more than just review of third party contracts.
Services Offered
Trustmarq offers TPRM services that cover the entire program lifecycle. Notable services are listed as follows:
Contact us to hear more about our various success stories on this subject matter and how our team can help you meet your business objectives in securely conducting business with third parties.
