Third Party Risk Governance

Organisations are increasingly depending on third party vendors to support their business and gain competitive advantage. Without understanding the security risks associated with the third parties your organisation is doing business with, you are leaving your organisation vulnerable to security threats and data breaches through them.

The risk around suppliers is the threat presented to your organisations most sensitive data including customer assets, employee data, financial information, and intellectual property.

The risk of third parties exposing your organisation’s most sensitive data to a potential data breach, has been an area of focus for Regulators with regulatory instruments such as fines being used to compel organisations to undertake careful due diligence and risk management.

Service Offering

Our team have expert industry experience in undertaking third party due diligence and managing third party risk for large enterprises. We offer the full suite of risk management services to help transform, implement, and manage third party risk within your organisation.

Our offering helps organisations understand your risk exposure and put an overarching framework and processes in place to manage risk effectively.

Our range of services include:

Designing Third Party Risk Management Framework
Identifying suppliers across your business by engaging with different business units and centrally through procurement.
Creating governance structures policies and procedures, to ensure third party suppliers can only be on-boarded centrally through a defined process where appropriate due diligence is undertaken.

Classification of suppliers based on their maturity and risk profile.
Identification of the risks associated with suppliers and creating risk treatment plans.
Establishing vendor analytics and risk reporting workflows.

Third Party Risk Governance

Kontex provide comprehensive Third-Party Risk Governance services to help manage third party risk for your organisation.

Third party risk can leave your organisation open to severe reputational damage, financial loss and diminishing customer confidence.

The risk around suppliers is the threat presented to your organisations most sensitive data including customer assets, employee data, financial information, and intellectual property.

Service Offering

Start your journey towards a more secure organisation