Third Party Risk Management

Outsource your organisation’s supplier risk management. Stay confident that your suppliers aren’t harming your organisation’s security risk profile.

The challenge

Suppliers can raise cybersecurity risk to your business

Malicious attacks on suppliers (considered less secure) have become a popular method by criminals to penetrate and compromise systems to gain unauthorised access to the ultimate target, your business data.

Managing supplier risk is now a regulatory requirement

EU regulations such as the Digital Operations Resilience Act (DORA) and the Network and Information Systems Directive (NIS2) include requirements for effective 3rd party risk management. This is to ensure that an organisation’s suppliers have incorporated good security management and meet with data privacy regulations such as GDPR.

Ongoing 3rd party risk management is key

Employing a robust Third-Party Risk Management (TPRM) process can help mitigate risk for your organisation.

The service

The use of well prepared supplier questionnaires or dedicated Third Party Risk Management (TPRM) applications is one part of a good process, however evaluation of the responses by trained security specialists is the key to having a reliable and accurate risk profile of your suppliers, particularly for the critical ones.

BH Consulting may provide:

  • A gap analysis of your current TPRM process
  • Provide appropriate and effective supplier questionnaire templates based on vendor criticality
  • Provide advice on TPRM applications on the market and which may suit a client’s requirements (BH Consulting are independent of any vendors)

Continuous assessments

Provide a consultancy service to help manage the TPRM process which may include the following:
  • Completed questionnaires for inadequate responses and insufficient detail, seeking further verification or supporting evidence from suppliers where required
  • Checking claimed security qualifications for the scope of applicability and checking certifications are current
  • Speeding up the TPRM process by engaging with suppliers to clarify security or privacy related questions to ensure the correct information is submitted

Benefits

Help meet regulatory requirements by operating a robust TPRM process

Reduce the risk of a malicious supply chain attack on your organisation

Free up internal resources from tasks which aren’t amongst their core skills

Testimonials

Why get in touch with BH Consulting

BH Consulting is a trusted, independent cybersecurity and data protection consultancy with over 20 years of experience. Whether you need expert guidance on compliance, risk management, or security strategy, our team delivers practical, vendor-neutral advice tailored to your needs.

Let’s start a conversation about securing your business.

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