Third-Party Risk Management
Identify, manage, and mitigate third-party risks to enhance cyber security maturity across your supply chain
60% of cyber security security issues come from third parties
In today’s world, an increasing number of cyber attacks can be traced back to third parties. With supply chains becoming increasingly globalised and complex, ensuring that every link is safe and secure is getting harder, and understanding and mitigating risks in the supply chain remains a blind spot for many organisations.
The consequences of supplier cyber security breaches can be severe, leading to production delays, revenue loss, compliance issues and even fines. Even if a security incident at a supplier does not directly affect your security, there’s still the risk that it disturbs the operations of your supplier and therefore your supply chain and business continuity.
We help you develop a smarter approach to supplier risk management through the deployment of digital quality and safety control measures and the use of data to monitor and analyse risk. With LRQA, you do not just have to trust that your suppliers are taking the right measures to protect themselves against cyber threats; you will be able to measure, monitor and prove that they are.
Award-winning expertise
Our cyber security team continues to achieve multiple vendor certifications, highly respected industry accreditations and international accolades, demonstrating the breadth, depth and impact of their services.
Our approach to third-party risk management
Our services are divided into the following phases, all underpinned by the latest technology and guided by Chief Information Security Officer expertise.
Assessment
Our third-party risk management technology captures, analyses and assesses supplier information.
Due diligence
Metrics are mapped to tolerance and acceptance levels. Due diligence activities enable a real-time view of supplier risk and improvement activities.
Continuous monitoring
Continuous monitoring of vulnerabilities and threats.
Automated reporting
Comprehensive, data-driven reporting so you can view your entire supply chain in one place.
Our partnership with Ceeyu to deliver effective CISO driven decisions
A growing number of cyber-attacks and GDPR incidents can be traced back to third parties with whom the affected entity shared their data or were digitally interconnected.
Even if a security incident at a supplier does not directly or immediately affect your security, there’s still the risk that it disturbs the operations of your supplier and hence your supply chain, which puts your business continuity at risk.
It is no longer enough to just keep your own digital access points secure. You need to also verify that your suppliers are keeping their Internet-connected processes and IT assets secure too. Some organisations are already required by law to have third-party risk management processes in place, but not all. Best practice demands that you cannot just trust your suppliers to protect themselves; you need proof that measures whether those best practices are being always employed.
LRQA, using Ceeyu’s powerful Attack Surface Management (ASM) and Third-Party Risk Management (TPRM) platform delivers CISO driven solutions to provide strategic and tactical guidance that delivers a programme that ensures your organisation’s data and technologies are no longer vulnerable to inherited weakness via your day to day partners.
Why work with us?
Specialist expertise
Our cyber security experts hold multiple vendor certifications and accreditations as well as highly respected industry accreditations from CREST, the PCI SSC, ISC2, BCI, Chartered Institute of IT, and NCSC CHECK.
Industry leadership
We lead and shape industry on advisory boards and councils including the PCI SSC Global Executive Assessor Roundtable and CREST councils in the Americas, Asia, EMEA and the UK. We are certified by a range of governing bodies including the payment card industry and are approved as a Qualified Security Assessor.
Everywhere you are
Operating in over 55 countries, with more than 250 dedicated cyber security specialists and over 300 highly qualified information security auditors across the world, we can provide a local service with a globally consistent dedication to excellence.
Award winners
We have been recognised for the breadth and depth of our services – including the TEISS Award for Best Penetration Testing Service in 2024, Enterprise Threat Detection and Cloud Security awards at the Security Excellence Awards 2024 and the Stratus Award for Best Managed Cloud Security Service.
