Agio Third Party Risk Management Program

Our 360° program offers a due diligence assessment of your vendors, partners, and other third parties, monitoring and management of identified issues, real-time threat assessments, and a transparent dashboard for tracking.

Your network is only as secure as your vendors’ networks; that’s a scary thought, but it’s the world we live in. All of the major cybersecurity standards, frameworks and regulators have placed increased focus on the importance of understanding the risk inherited from your association with third (and fourth) parties.  Investors and potential Clientseverywhere are asking the question, “what are you doing about your vendors?” The problem is, no one has the time to do this work. If you’re like most, your IT team is already doubling as your cybersecurity team, and if you’re one of the lucky ones with a dedicated security engineer or team, they’re busy with the day-to-day blocking and tackling of the threat landscape. No one has the time to think, let alone handle third party  management across your organization. We do. 24x7x365.

Annual Assessment & Analysis

We guide your third parties through a 180+ intelligence-based due diligence questionnaire, rooted in the NIST Cybersecurity Framework and other vendor risk management best practices. This results in a tangible report to help you meet regulatory compliance requirements, and acts as the jumping off point for your program. Our cybersecurity analysts evaluate your vendors’ responses against multi-level criteria such as identification, protection, detection, response and recovery, resulting in formal report to be used as an official artifact in your security program.

Platform & Reporting

We meet with you quarterly to review the status of your program (and vendors), and we offer you 24x7x365 unlimited support to the platform where your vendor results live, including access to your vendor comparison heat map and other interactive cards with drill-down capabilities. 100% transparency.

Your Transparent Dashboards

We want you to know what’s going on with your third parties at all times. This allows you to see a clear visual breakdown on their status. With our full-access platform, you receive a heat map with vendor comparison, interactive cards with drill-down capabilities, monthly reporting, and quarterly meetings to review summary dashboard reports.

incident-response

Vendor Monitoring

Someone has to do the dirty work of monitoring your vendors and alerting them to risks and potential threats. Our cybersecurity analysts initiate and drive issue-tracking to monitor the status of assigned vendor corrective actions, and escalate un-remediated issues to your team. This ensures your vendors are actually making themselves more secure based on your program’s results.

incident-response

Real-Time Threat Assessments

Annual assessments are great, but knowing where your vendors are at any one time is key, especially when the latest heartbleed is discovered. We offer you the ability to issue pulse surveys to gauge the real-time cybersecurity posture of your vendors.

Due Diligence Assessments

Cybersecurity Risk Assessments are the bread and butter of our service portfolio – we do them for every kind, size and maturity of organization that you can think of. We can perform a true due diligence on your new partner or vendor, especially ones that you are sharing sensitive data with, to ensure you know what the true risks are to your organization. When combined with Technical Testing, we can give you a pretty accurate view of the risk posture of the third party and your own risk in the business relationship.

Portfolio Assessment Program

We can utilize the same platform in our Third Party Risk Management Program to assist Investors or Franchisors or other parent company configurations in assessing the risk within their portfolio of companies. Performing Cyber Risk Assessments, Pen Tests and roll-up reporting, you now have the tools to inform your decision-making based on cyber risk; we can also provide due diligence on new additions or proposed acquisitions as well.

Many services offer an annual vendor assessment. Big deal. Who’s checking that assessment? Who’s making sense of it for you? Is anyone doing anything with those results to promote better vendor security…so that you’re more secure? When 63% of all data breaches start with third party cybersecurity vulnerabilities, is it really safe to say you’re protected when your efforts are focused on just an assessment that no one is doing anything with?

That’s the difference between us and them. Our cybersecurity analysts take that annual assessment and turn it inside out to ensure we know exactly what your vendors need to remediate. We then monitor the status of those gap closures to resolution. This double layer of protection is what seals your environment off from any weaknesses your vendors might have had. It’s the work that no one wants to do or has the time for; it’s also the work that means the difference between checking the box and being compliant, and checking the box while you’re also improving the safety and security of your environment.