Assessing supply chain information security
Outsourcing processes, information or data to a third party company does not necessarily mean the accountability or legal responsibilities have been transferred. Contracts and Service Level Agreements can prove worthless when the third party supplier has a security incident.
The risks can be life-threatening to a business whether they are fines, damage to reputation, litigation to name a few – all caused by the third party. In fact, many businesses do not fully understand the cyber security risk of outsourcing.
These risks can be mitigated or reduced by conducting information security and compliance audits on the third party company/data processor and ensuring that they manage the information in a manner consistent with your own information security policies.
Third-party / supply chain information security audits
We provide a comprehensive insight into third-party suppliers handling of your sensitive data. Our service will audit the end-to-end handling of your data to provide you with actual assurance of security and cyber security risk.
We have a range of compliance and security audits that we can conduct on the third parties to identify any potential risks and detail corrective plans and recommendations to reduce those risks.
Our experienced cyber security consultants:
- Review the current IT systems and ISMS in place
- Review the information security of those systems to ensure they are up to the expected level
- Assess all of the access controls to your sensitive data
- Review the company’s information security policies and procedures
- Evaluate the business continuity and disaster recovery plans to mitigate the impact on your company
What are the benefits of supply chain auditing?
- Provides assurances that the audited entity is taking expected steps to meet organisational and regulatory information security requirements
- Identifies whether the outsourcing relationship can withstand a lawsuit claiming that you lack the necessary audit and control functions
- Mitigates the impact of their information security breach on your data
- Reduces your risk through the application of industry best practices
Contact us to gain assurance that your third-party suppliers protect your data to the same standard as you.
If you have an information security question or would like to hear from one of our consultants, please call us now