Companies with an outsourcing evaluation process focused primarily on cost savings clearly need to broaden their perspective to include third party risk
Information security has traditionally been the responsibility of IT departments, but given the increasing visibility of security breaches, more and more companies are making the protection of corporate information a business issue that also requires strategic, operational and organizational safeguards.
The problem is traditional IT provider risk assessments are labor-intensive, inefficient and costly. Without enough resources to evaluate all your third parties, you can’t be sure all the third parties handling sensitive data have been identified.
The Hiperos Information Security and Data Privacy solution enables organizations to automatically collect, validate, assess and monitor third parties that expose them to information security risk.
Our customers have reduced their third party information security workload by at least 75% and ensure consistent, accurate, compliant processes, and procedures.