VENDOR MANAGEMENT RISK ASSESSMENT
Ensure your third-party partners are upholding the same security and privacy practices you expect from your own team.
UPHOLD YOUR STANDARDS WITH Outsourced Partners
A comprehensive risk management approach governs both your internal team and your external partners. Validate the security policies and practices of your Technology Service Providers (TSPs) with our Vendor Management Risk Assessment.
METHODOLOGY
This assessment helps ensure your Technology Service Providers (TSPs) are adhering to the same risk management, security, privacy, and other policies that would be expected if your own organization were conducting the activities in-house.
Our methodology is based upon the National Institute of Standards and Technology (NIST) Cyber Supply Chain Risk Management Practices for Systems and Organizations (NIST SP 800-161 Rev.1).
We will review processes and controls in place to help ensure your TSPs are operating in a safe and sound manner and that they are meeting appropriate industry standards and applicable regulations.
The conclusion of the assessment will provide insight into potential problem areas with your TSPs, as well as specific recommendations for remediation.
SCOPE
With 80% of surveyed organizations reporting a vendor-related breach last year, BAI Security's Vendor Management Risk Assessment includes the following key areas in scope:
RESULTS
As a result of our exhaustive approach, our security audits uncover our clients’ true present-day risk, much to their satisfaction:
of the time, regardless of prior audit, BAI reveals serious, previously undetected issues in new client environments. of recently surveyed clients rate the Depth and Comprehensiveness of their BAI Security audit as “Good/Excellent.” of recently surveyed clients rate the Quality & Value of BAI's Deliverables as “Good/Excellent.” of recently surveyed clients rate our security auditors' Communication & Professionalism as “Excellent.”
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Vendor Management Risk ASSESSMENTS
Information security is defined within the context of the CIA triad:
- Confidentiality (ensuring authorized access)
- Integrity (safeguarding information from unauthorized modification and/or destruction) and;
- Availability (ensuring on-demand access to authorized users)
This assessment is purely qualitative. Thus, it is conducted by way of questionnaire and/or interview processes to examine five major areas:
- Management Responsibilities
- Risk Management
- Contract Issues
- Ongoing Monitoring
- SOC Report Evaluations and Gap Assessment
This assessment can be conducted with great depth and accuracy fully remotely. If an organization wishes to have physical validation of policies and procedures reviewed remotely, an on-site visit is optional.
BAI Security’s commitment to delivering not just assessments but tangible, strategic recommendations for long-term security enhancement differentiates them as a trusted partner.
The professional experience and technical expertise made the choice an easy one… exceptional results. We are completely satisfied.
There are a lot of service providers out there, but your staff were personable, friendly, knowledgeable and made it very clear they were there to help us get better, not to find as many exceptions as possible.
They go out of their way to be helpful, offering guidance (not a cookie-cutter approach). We chose BAI because of their reputation. We went back because of their people and professionalism, the depth of their technical knowledge, and friendliness.
Far more extensive test than any we have had in the past… The reps are 100% on your project and always available to give you feedback.
BAI Security’s reputation for delivering high-quality assessments and their commitment to staying abreast of evolving security landscapes were key in our decision-making process. The BAI team has been instrumental in providing actionable recommendations, allowing us to strengthen our overall security posture.
Outstanding platform for vulnerability remediation. Everyone I talked to from sales folks to technical experts were all great to work with and very knowledgeable.
The experience was great, and I felt that BAI had my back. The techs were great to work with and helped me resolve security issues. They were working with me to correct issues rather than just pointing out what was wrong.
There are many players in this field. I contacted some of my industry peers and asked who they used. BAI came in at the top.
I love how in the final deliverables recommendations are provided. I’ve seen other solutions (and past vendors) who simply tell you what’s wrong without any help to remediate.
The dedicated engineer that learns our environment is huge! Also, the reporting is as high level or granular as you need it to be.
We have worked with BAI Security for 5+ years. They are professional, knowledgeable and personable. The technicians have a great understanding of our complex infrastructure
Price was right, service was excellent, and the final deliverables were outstanding. Great team.
