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Third party risk management (TPRM) is a critical aspect of an organization’s risk management program and involves analyzing and controlling the risks associated with outsourcing or working with third parties such as vendors, suppliers, contractors, or service providers. It’s important to be aware of any risks and vulnerabilities the organization is exposed to as a result of any partnerships. At CYRVANA, our Third-Party Risk Management (TPRM) assessment service is designed to help organizations identify, assess, and mitigate the risks associated with their third-party relationships. Our comprehensive approach ensures that your vendors, suppliers, contractors, and service providers adhere to stringent security standards, minimizing potential vulnerabilities and safeguarding your business.
A robust TPRM framework is essential for an effective management of third-party risk. Following are foundationl components that constitute TPRM.
It's time for organizations to move beyond standard questionnaires when assessing and managing third-party cybersecurity risk. To establish an effective third-party security risk management program, organizations need to be able to overcome the following challenges.
Incorporating the following additional security risk management components into your strategy is essential for effectively managing third-party security risk.
At Cyrvana, we are committed to delivering unparalleled cybersecurity solutions tailored to meet your unique needs. Here’s why we stand out from the rest.
TPRM helps identify potential risks from third parties before they impact the business, improving overall risk management.
Ensures compliance with industry regulations by monitoring third-party activities, reducing the likelihood of fines and penalties.
Streamlines incident response by having a clear understanding of third-party relationships, enabling quicker and more effective action.
TPRM encourages vendors to maintain higher performance and security standards, improving overall service quality.
Provides executives with detailed insights into third-party risks, supporting better strategic decisions.
Feel free to reach out to us and discuss your needs.
Begin your journey towards enhanced cybersecurity by scheduling an initial consultation with our experts. During this meeting, we will discuss your organization's unique challenges and goals, providing you with a tailored overview of how our TPRM services can benefit you.
Our team will perform a thorough assessment of your current all your third-party vendors, suppliers, and others from your contracts, accounts payables, hr, and procurement teams.
Based on the discovered list of third parties, this phase will prioritize your third parties based on sensitive data processing or access to your critical crown-jewel systems in your organization.
Our team will conduct third-party risk assessments that is multi-fold involving short questionnaires, technical evaluation, and an on-site assessment if necessary.
Once the assessment is complete, it is essential to incorporate into your organization's overall security prorgram and build the culture.
Find answers to common questions about our TPRM services. Learn how a TPRM can enhance your cybersecurity.
With years of experience in cybersecurity and privacy, our team of experts brings unparalleled leadership and strategic insight. In our role as your business and technical advisors, we translate cybersecurity into your business language and aligning it with your business strategy. Our team comprises of experienced and seasoned Cyber leaders who are multi-skilled across security & privacy strategy, operations, threat research, technology operations, and program management.
Our thought leadership in cybersecurity and privacy helped us to grow as a trusted advisor, guiding organizations through complex digital landscapes. We actively seek to optimize customers' existing investments in security tools and solutions and augment those resources with our expertise, framework and processes that are contextualized to that specific customer. We offer insights that go beyond conventional solutions by staying ahead of emerging threats, regulatory changes, and technological advancements. This expertise has enabled us to craft proactive strategies that enhance security and privacy postures of our customer and foster trust in their digital ecosystems.
All our services are designed with customer obsession in mind with strong emphasis in bringing value to your business.
Ability to move your cybersecurity program up the maturity curve rapidly with proven methodologies, technology & processes, and people powered by CYRVANA.
CYRVANA's cybersecurity capability along with delivery excellence to orchestrate cybersecurity program while working closely with customer’s teams ensures the desired outcome for the customer.
A dedicated technical SME will be assigned ensuring timely management of cybersecurity program issues and needs.
Move away from one-size-fits-all model to a bespoke model with standardization at core with flexibility at edge. This is paramount as we work together to build the cybersecurity program.
CYRVANA's depth of expertise in various sector and industry specific threat use cases are key to achieve effective outcomes in cyber defense. We leverage and share experience of delivering such services with other customers in the same sector.
CYRVANA leverages it's alliances and ecosystem partners when deemed fit to solve customer challenges. Alliance and ecosystem partners are cornerstone of CYRVANA's solutions and competency.
Our primary objective has always been to gain a deep understanding of your operations, identify your needs, and provide valuable insights as your trusted advisor.
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It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.
Discover how CYRVANA has helped businesses across industries enhance their cybersecurity, achieve compliance, and navigate digital transformation. Our case studies showcase tangible results and the powerful impact of our tailored solutions.
An emerging e-commerce platform faced increasing cyber threats as they scaled. With customer trust at stake, they needed a comprehensive solution to protect sensitive data and prevent breaches. CYRVANA implemented a full-spectrum cybersecurity plan, including risk assessments, data encryption, and ongoing vulnerability scans. With these protections in place, the platform was able to continue growing confidently, knowing their customer data and financial transactions were secure, ensuring a safer online shopping experience for their users.
A healthcare provider was struggling to meet the strict requirements of HIPAA and ensure the safety of patient information. CYRVANA’s team developed a customized compliance roadmap, which included secure access management, encryption, and regular audits. By integrating these security measures, the healthcare provider not only achieved full compliance with HIPAA regulations but also enhanced the overall security posture of their systems, leading to improved patient trust and safety. CYRVANA’s proactive approach ensured that the healthcare provider remained audit-ready at all times.
A financial institution needed a strong defense system to mitigate the growing risks of cyber-attacks and ensure continuity of operations. CYRVANA designed a comprehensive cybersecurity framework, including advanced threat detection systems, a detailed incident response strategy, and a disaster recovery plan. This approach enabled the institution to minimize disruptions and reduce the potential impact of cyber threats. By strengthening their cybersecurity posture, the institution significantly boosted their resilience against attacks, allowing them to maintain business operations without compromising customer trust.
Section 500.04 of the New York state regulation 23 NYCRR 500 mandates companies with over 10 employees, $5 million in gross annual revenue, and $10 million in year-end total assets must designate a qualified individual to oversee Cybersecurity. In 2019, the state of South Carolina passed the South Carolina Insurance Data Security Act which specifically requires a designation responsible for the information security program. These are just a few and there are more that mandate an in-house CISO or a shared CISO. It’s no longer an option NOT to have a cybersecurity leader to orchestrate a cybersecurity program that will protect your critical assets and manage risk. There are no exceptions. Even if you are a small medium enterprise or even a start-up in a basement there are ways you can engage us to address your cybersecurity needs before it’s too late.
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It has roots in a piece of classical Latin literature from 45 BC.
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