Third-Party Risk Management (TPRM) Solutions
Managing Vendors is Key to Managing Risk
Securely manage your vendors, partners and other third parties with solutions that provide full visibility into your vendor ecosystem in addition to automated onboarding, continuous monitoring, contract management and more.
What Are Third-Party Risk Management (TPRM) Solutions?
Although nearly all organizations rely on third parties to support executive goals, few recognize the potentially disastrous consequences of failing to oversee third‑party risks. At the same time, cyberattacks targeting supplier and partner systems have surged. Attackers exploit the fact that many organizations’ weakest point is their extensive use of third parties, which often have access to sensitive data or provide critical support.
Consistently ranked as a top enterprise risk, third‑party threats now require full lifecycle management. Without an agile third‑party risk management (TPRM) lifecycle framework that scales with expanding third-party ecosystems, organizations can open themselves up to the claim that they are failing to take reasonable measures to identify and address high‑impact risks.
Outcomes of Effective Third-Party Risk Management
CDW’s third-party risk management solutions are designed to help your organization effectively detect, manage, and monitor the lifecycle of third-party security risks, enabling:
Risk Reduction.
Lower your exposure to breaches with a TPRM strategy that prevents disruptions to operations, reputational damage and financial losses via third-party vulnerabilities.
Optimized Efficiency and Performance.
Leverage AI to address the historical pain points of repetitive tasks by eliminating the need to manually answer cybersecurity questionnaires and monitor third-party ecosystems.
Greater Visibility into Third Parties.
Build a risk-based TPRM program that provides total visibility into your complete third-party ecosystem. Align security reviews with your current workflows by integrating it with your enterprise systems, communication tools and more.
Lower Insurance Premium Costs.
Lower the cost of your cybersecurity insurance claims and avoid costly penalties by ensuring that your TPRM program is compliant with evolving data privacy considerations, industry standards and federal regulations.
Third-Party Risk Management Solutions
CDW’s TPRM solutions enable secure and sustainable onboarding and management of your ever-growing web of vendors and critical third parties. Optimize your TPRM program to reduce the time required to vet new vendors, minimize the burden on staff and ensure simple and accurate maintenance. We specialize in identifying, assessing and monitoring the various risks associated with third-party relationships, helping to ensure the confidentiality, integrity and availability of your critical data assets.
TPRM Program Evaluation
We evaluate the effectiveness of your current third-party risk management program, benchmarking your processes, scoring risk and delivering a roadmap to maturity.
TPRM Program Design, Deployment and Execution
Our team performs third-party risk assessments and can provide mechanisms to manage your third-party populations efficiently and effectively by incorporating appropriate compliance requirements based on regulations, internal corporate policies and define processes that facilitate the execution of appropriate risk based due diligence and monitoring practices.
TPRM Platform Integration and Automation
Ensure that your TPRM platform integrates with your current workflows and keeps up with your most current list third parties. CDW can help establish SLAs and vendor security expectations based on your specific business needs while seamlessly automating vendor onboarding, assessments, contract management and more.
Managed Support
Free up your internal resources by letting CDW help you manage, continuously improve and execute your third-party risk management program on an ongoing basis.
Contact Us
Get in Touch with Our TPRM Experts
Ready to take control of your third-party risk management program? Connect with a CDW security expert today to evaluate your current strategy and develop a more secure, agile and compliant TPRM program.
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