Third party service providers are an essential part of the IT ecosystem of every organization. From cloud-infrastructure to software-as-a-service to outsourced business processes, vendors need to have robust security posture, as much as the in-house functions. Numerous data breaches are a result of gaps in cybersecurity practices of an outsourced service vendor.
Positka has codified a risk based approach to third party security assessments. This approach helps to identify the high risk areas where assessments need to be focused, thereby eliminating waste and distraction.
For a global financial services group, Positka’s security solutions helped with end-to-end transformation of the third party security assessment function.
- Development and implementation of tailored risk-scoring of vendors
- Top down approach to planning and capacity management
- Increase in productivity due to risk-weighted approach
- Reduction in overall risk with help of increased coverage and remediation