Screen potential third party suppliers or evaluate current business partners with a framework to categorize vendors based on the risk they could pose to you.
What are Vendor Assessments?
Learn more about Vendor Assessments
ECI Vendor Assessments provide an in-depth review of the cyber security maturity of your third-party vendors. We help you safeguard your entire technology ecosystem by enabling you to understand the level of risk associated with using a certain third party vendors product or service.
Vendor Assessment benefits
Vendor Assessments play a role as part of wider governance, risk and compliance efforts to ensure your firm can remain secure, maintain business continuity, and aligned with regulatory requirements (including SEC frameworks and GDPR rules). Through our assessments, we can help your firm to quickly and more easily mitigate third (and fourth) party risks—rather than waiting for the worst to happen.
- Improve operational continuity
- Find the areas where you could be most exposed
- A cost-effective approach to vendor assessments
- Aid the development of actionable plans to mitigate risk
What impact could others have on your firm?
Organizations need to understand the security risks that can come with using third party applications and services. However, their self-certification can be limited in scope. If you don’t know what data they hold, where it is stored, or who can access it, this could be unnecessarily threatening your business continuity.
Mitigate vendor risks rather than respond to unexpected incidents
Build trusted relationships
Establish mutually beneficial and long-term partnerships with your vendors.
Greater control of your vendor base
See those who could be vulnerable and what impact this could have on your firm.
Meet compliance requirements
Demonstrate due diligence and that you are meeting industry compliance requirements.
On average, a company takes 277 days to detect a third-party data breach.
Cost of a Data Breach Report 2022, IBM/Ponemon Institute
Identify who has access to your most sensitive data and defend against breaches through third party networks.
Greater visibility of vendor security – and their weaknesses
Our reports show the maturity of your vendor’s security regimes and which areas need to be improved across 12 critical best practice security principles.
Identify the those who could impact you most
Understand which vendors have access to your critical or PII data and the level to which your firm’s ability to operate could be disrupted if they were to be compromised.
Find security gaps you weren’t aware of
With greater visibility of the potential risks posed by your third party vendors and applications, this allows precise focus on where you might need remediation.
49% of organizational data breaches were caused by third parties.
The State of Cybersecurity and Third-Party Remote Access Risk 2022, Ponemon Institute
Governance, Risk and Compliance
Enhance your security posture
Gain oversight of your firm’s overall security, with valuable insight to enhance your security posture by reviewing, contextualizing, and enhancing control.
Identify existing security vulnerabilities
Scan your internal and external networks on an ongoing basis to highlight missing patches, operating system and software vulnerabilities, configuration mistakes, weak passwords and more.
Phishing and Training
Actionable insights for continued education
Test how your employees respond to phishing attacks through controlled simulations, with actionable insights for continued education.
Mitigate risks. Stay compliant
Speak with one of our experts today to learn how ECI can keep you ahead of threats.