High-Risk Vendor Evaluation
We know you have a system in place to maintain confidentiality, but what about your vendors? Their mistakes are a direct reflection on you, so it becomes your responsibility to ensure they are held to the highest standards. Today, many institutions rely on third-party relationships as a strategic way to expand bandwidth and broaden services. But when you add vendors, you add risk.
CSI's High-Risk Vendor Evaluation service helps you gain a better view of your vendors’ internal IT processes, assures their controls are appropriate, as well as identifies system weaknesses, all to help prevent jeopardizing your reputation.
CSI's Compliance Services consultants conduct a thorough vendor due diligence audit in a multi-step process that includes:
• Notifying and gathering key information from each vendor.
• Evaluating the adequacy of each vendor’s controls.
• Preparing a Report of Findings for the vendor and you.
• Documenting a Remediation Action Plan, as needed.
Keep your institution safe and make sure your vendors are compliant with the regulations you must adhere to with CSI's High-Risk Vendor Evaluation. Contact us now if you would like more information on how this vendor due diligence service can protect your company from being blamed for others’ catastrophes.