VQ- TPRM                                                                                       Vendor Qualification in TPRM

​When you want to acquire marque customers


They want to qualify you using their

Third-Party Risk Management (TPRM) process.


That can significantly

slow down your sales cycle


We have configured a set of services under the umbrella of

VQ-TPRM (Vendor Qualification in TPRM).


Many of our customers who are selling their products or services

have used our services to retain and expand their footprint

with their customers.


This is worth a read


Increasing attacks on IT resources, customer data, and sensitive information using third-party infrastructure have existing and new customers pay closer attention to your security practices. 


Your business is under higher scrutiny.


 And It is tough to get an Information security solution that builds trust with your customers


- Only doing compliance is partial

- Security for security's sake does not meet     market demand

- Doing security with fear, uncertainty, and     doubt leads to wasted efforts


You are thinking:


"Will the money spent be justified?”,

“Will it be frictionless in implementation?", 

“Will our customers trust us more?",

“Will our sales cycle have less headwind?" 



Here are three ideal outcomes to look for when searching for the right solution


1). Accelerated Sales Cycle:


The best Information security solution will help the sales team overcome the customer objections on your security and build trust around your service or product. Giving point solutions does not mean much if customers are not convinced about your security stance.


2). Minimum Viable Security:


Next comes the level of security. Will my security be at a level acceptable to the market without overdoing it, and can I stay out of trouble? Your solution must be verifiable and convincing enough for the buyer and defensible when challenged.


3). Frictionless Implementation:


It is reasonable to expect that a solution does not rip and replace your existing investment in security.

It would help if you had a solution that leverages the existing solutions and tools you have with minimal tweaks.  It should be gradually built as a sustainable security program leading to higher maturity levels of security with an ability to take care of customer audits. 


Read how one of our customers overcame the threat to their business after failing one of their customer's security tests. 


We are an information security consulting company out of San Francisco Bay Area. We have deep experience in Information security spanning over 40 years. 


We have configured a set of services under the umbrella of VQ-TPRM (Vendor Qualification in TPRM) 


Read Below

Risk Assessment           


Third Party Risk, Minimum Viable Security

What we do


  • Assistance in Vendor Risk Assessment Process 
  • Third-party Risk Identification 
  • Mapping security controls to Third-party Risks 
  • Developing a comprehensive approach to respond to TPRM questionnaire 
     
  • Developing minimum viable security for TPRM 
  • Identify a minimum viable set of controls based on your offerings and customer requirements 

 

What you get


  • Risk baseline for deciding the controls for TPRM 


  • Identification of minimum viable security (MVS) for TPRM


  • Continuous risk monitoring process in place





Benefits


  • Well defined base for defining a Security Road map and a Security Program 
  • Well-articulated  Security Stance managing your customer’s risk assessment of your service or product 
  • Sales team equipped with answers to security questions



Due Diligence Services                              


Client Questions, Management Assertions, SOC2                 

What we do



  • Help you responding to TPRM Questionnaire 
  • SOC2 Type 1 & 2 review preparedness 
  • Set up a compliance program 
  • Help you define the evidence for external audit 
  • Help you automate the security controls and evidence collection 
  • Help you prepare SOC2 Type 1 & 2 reports to present to external auditor for certification 
     
  • Help preparing Management Assertion for TPRM 
  • Control Statements Articulation 
  • Process and context diagrams 
  • Metric to support your assertion in each domain. 
  • Network and Data flow diagrams  
     
  • Presentation of security controls to your customers 


What you get


  • Response to TPRM questionnaire 


  • Management Assertion for TPRM 


  • SOC2 Preparedness 


Benefits



  • Ability to demonstrate mitigation of risk as perceived by your customer 
  • Assurance of Trust in your brand 
  • Ability to handle customer questions about your security and auditability


Contract and SLA Assistance Services   


Contracts, Residual Risks, Responsibilities

 What we do


  • Review customer contracts from information security and data privacy perspective 
  • Help you negotiate and align terms conducive to TPRM process 
  • Assistance in designing and negotiating SLA terms to handle residual risks seen by the customer 
  • Defining Responsibility Boundaries with the Cloud Provider to be able to assure the SLA with your customers 







What you get



  • Adequate security and privacy controls in Contracts and SLAs 


  • Well defined security responsibility and data boundary between vendor, customer and cloud provider 


Benefits



  • Smooth onboarding with your customer’s processes. 
  • Enshrining the mitigation steps in the contract to manage the residual risk as seen by the customer 
  • Less chance of disputes with the customer 
  • Basis for developing trustworthy relationship with the customer 
  • High customer satisfaction and increased the business footprint with the customer 


Oversight Assistance Services   


Continuous Compliance, Metric Based Reporting

What we do



  • Continuous Compliance of TPRM 
  • Automation of evidence gathering 
  • Continuous monitoring 
     
  • Metric-based control effectiveness reporting  
  • Assistance in designing the right metrics 
  • Continuous reporting on agreed upon metrics 




What you get



  • Automated CISO Operations- policy administration, evidence gathering, audit support, and training 

 

  • Continuous compliance monitoring of TPRM controls 


  • Security Dashboard and Metric Based reporting


Benefits



  • Successfully participate in customer reviews and Audits 
  • Provide metric based maturity progress to your customers 
  • Confidently manage the entire TPRM life cycle.