Third-Party Risk Management (TPRM) Services

In today’s globalized and interconnected business landscape, organizations are increasingly reliant on third-party vendors, partners, and suppliers. However, with these partnerships come increased risks—cybersecurity vulnerabilities, data breaches, compliance issues, and financial losses. Alangh Infosec’s Third-Party Risk Management (TPRM) services provide a comprehensive, proactive solution to identify, assess, and manage risks from external relationships that could impact your organization’s security, compliance, and overall success.
Our Approach to Third-Party Risk Management
We follow a robust, structured approach to Third-Party Risk Management that ensures your organization is always aware of potential risks associated with external partners. By implementing best practices and leveraging industry-leading tools, we help you secure your supply chain, ensure compliance, and protect sensitive information from third-party risks.
Key Phases of Our TPRM Process:
Third-Party Risk Assessment
  • Comprehensive Evaluation: Our risk assessments start with a thorough evaluation of your third-party relationships. This includes assessing their cybersecurity posture, compliance levels, financial stability, and overall risk to your organization.
  • Risk Identification: We identify potential risks, including cyber threats, data privacy issues, operational disruptions, and regulatory compliance gaps, that could arise from your third-party interactions.
  • Risk Categorization: We categorize third-party risks based on their potential impact, likelihood, and criticality to your business, allowing you to prioritize risk mitigation efforts.
Due Diligence and Vendor Onboarding
  • Pre-Engagement Risk Screening: Before onboarding new vendors or partners, we perform rigorous due diligence to assess their security controls, regulatory compliance, and data protection practices.
  • Security Requirements and Contracts: We help you define and enforce robust security requirements and integrate these into your contracts to ensure third-party providers meet necessary standards and expectations.
  • Risk Scoring and Rating: Each vendor is scored based on their potential risk exposure, helping you make informed decisions when selecting business partners.
Continuous Monitoring and Risk Mitigation
  • Ongoing Monitoring: Risks don’t stop once a vendor is onboarded. We provide continuous monitoring to ensure that third parties maintain required security standards. This includes monitoring their cybersecurity posture, compliance adherence, and overall risk profile.
  • Automated Alerts: Our monitoring system provides real-time alerts for any potential changes or emerging risks related to your third-party relationships, enabling you to take quick action.
  • Mitigation Strategies: If any risks are identified, we work with you to develop and implement mitigation strategies, which can range from vendor re-engagement to technical upgrades.
Compliance and Regulatory Management
  • Ensuring Regulatory Compliance: We ensure that your third-party relationships comply with industry standards, regulations, and frameworks such as GDPR, SOC 2, ISO 27001, and more. This helps you avoid legal and reputational risks associated with non-compliance.
  • Audit and Reporting: We assist with periodic audits to assess the performance and security posture of third parties, ensuring that you can provide regular compliance reports to regulators and stakeholders.
Third-Party Offboarding
  • Secure Offboarding Processes: When terminating relationships with third-party vendors, we ensure a secure offboarding process. This includes ensuring that all sensitive data is returned or destroyed, access permissions are revoked, and no residual risk remains.
  • Exit Strategy: We help you develop exit strategies that safeguard your business operations and data, protecting against any risks that may emerge during the transition.
Why Choose Alangh Infosec for Your TPRM Needs?
  • Expertise and Experience: Alangh Infosec has years of experience in managing third-party risks for organizations across various industries. Our team of cybersecurity experts is well-versed in risk management frameworks, security standards, and regulatory requirements.
  • Tailored Solutions: We understand that every organization’s risk profile is unique. Our TPRM solutions are customized to fit your specific needs, ensuring that you get the protection and support you require, no matter your industry or size.
  • Proactive Risk Management: We don’t just assess and report on risks—we provide actionable insights and implement strategies to prevent issues before they arise. With our proactive approach, you can reduce vulnerabilities and safeguard your business against emerging threats.
  • Holistic Approach: We offer end-to-end Third-Party Risk Management, covering all phases from risk assessment and vendor onboarding to continuous monitoring, compliance management, and offboarding. We ensure that no stone is left unturned in protecting your organization.
Benefits of Our TPRM Services
  • Minimized Risk Exposure: Identify, assess, and mitigate risks from third-party relationships, reducing potential threats to your organization’s security, financial stability, and reputation.
  • Regulatory Compliance: Ensure that your organization and its third-party vendors meet industry-specific regulations and standards, minimizing the risk of non-compliance penalties.
  • Improved Vendor Relationships: By working with your third parties to meet security and compliance requirements, you foster stronger, more reliable vendor relationships built on trust.
  • Increased Business Resilience: A well-managed TPRM strategy enhances your overall business resilience, ensuring that your organization can quickly adapt to changes in the third-party landscape.
Industries We Serve
Our TPRM services are designed for organizations across various industries, including:
  • Financial Services: Ensure compliance with financial regulations and protect sensitive customer data.
  • Healthcare: Safeguard patient data and meet HIPAA and other healthcare-specific regulatory requirements.
  • Retail: Secure supply chain operations and protect customer data in the retail industry.
  • Technology: Manage risks associated with software, hardware, and IT services providers.
  • Government and Public Sector: Ensure compliance with national security standards and protect critical infrastructure.
Get Started with Alangh Infosec’s Third-Party Risk Management Services
At Alangh Infosec, we understand the importance of securing your third-party relationships to maintain the integrity of your organization. Our team is ready to help you navigate the complexities of third-party risk management and implement effective solutions tailored to your needs.

Contact us today to learn more about our TPRM services and how we can help secure your supply chain, improve compliance, and mitigate risks across your third-party ecosystem.