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Vendor Risk Management Specialists

LARGE ORGANIZATIONS

If you are managing or your part of a large vendor management team that needs to increase its vendor evaluation and risk assessment capacity in a targeted fashion, Venture Lynk can provide you with information security, cyber security, and financial health risk specialists to conduct new or existing vendor risk assessments, digest and summarize all of your monitoring data, and provide you with reporting that you can efficiently use to make quick and fully informed vendor approval or vendor continuation decisions.

We Can Help Your Business

  • Reduce the time and effort it takes to evaluate a vendor
  • Use our information and cyber security experts that are retired military info sec and cyber experts
  • Strategize and prepare for upcoming regulatory changes related to vendor management
  • Manage communications with your vendors during the vendor application or vendor renewal period, or on demand
     

Constant Daily Cyber Risk Monitoring

1. Monitor
Monitor each vendor public and each remote staff IP addresses
2. Evaluate
Produce A to F risk scorecard
3. Identify Vendors
Identify most vulnerable vendors
4. Identify Risk Exposure
Use Open FAIR model to identify risk exposure in financial terms
5. Assess
Asses the compliance level of your vendor to reduce 3rd party risk
6. Recommend
Recommendations on how to remediate
7. Verify
Verify vendor remediation

Cyber Risk Monitoring

FULL SERVICE


VLC will function as Mission Control for the clients Cyber Security Risk Monitoring efforts. All reporting, alerts, and platform functionality will be designed and customized to the needs of the client’s vendors by VLC. A one-hour debriefing meeting will occur every Monday or every other Monday depending on market conditions. At the debriefing meeting, VLC will review immediate threats and potential threats in addition to providing remediation suggestions for all identified threats. This service level will allow client IT leadership and staff to maintain the necessary capacity for all other IT related responsibilities while also maintaining constant monitoring of the cyber security threats unknowingly created by the client’s vendors.

Financial and Business Risk Evaluation

VLC will function as Mission Control for the clients Cyber Security Risk Monitoring efforts. All reporting, alerts, and platform functionality will be designed and customized to the needs of the client’s vendors by VLC. A one-hour debriefing meeting will occur every Monday or every other Monday depending on market conditions. At the debriefing meeting, VLC will review immediate threats and potential threats in addition to providing remediation suggestions for all identified threats. This service level will allow client IT leadership and staff to maintain the necessary capacity for all other IT related responsibilities while also maintaining constant monitoring of the cyber security threats unknowingly created by the client’s vendors.

Get my Vendor Risk Management Flyer

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Automated Service Delivery

Constant cyber risk security risk monitoring (API Integration?)
  • Weekly debriefs from Venture Lynk Mission Control
  • Identify and recommend specific steps so your vendors can remediate problems quickly

Business and financial risk evaluations of all tier 1 vendors
  • Get weekly alerts of critical changes impacting your vendors
  • Provided reports showing quarterly business and financial trends to see the bigger picture

Benefits of
Monitoring Your Vendors

  • Regulatory compliance
  • Easier preparation for and higher performance in regulatory audits
  • Internal capacity creation for vendor risk management and IT teams by using a vendor risk management specialist
  • Establishing a proactive posture towards vendors to ensure ongoing compliance with your standards
  • Early warning system to detect business, financial and cybersecurity risks so action can be taken to mitigate and protect your supply chain

63% of breaches originate from hacked 3rd parties
“Data Risk in the Third-Party Ecosystem”

– Ponemon Institute, 2018

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