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.
Offered through Managed Compliance Services (MCS), CSI's Vendor Assessment service assists you with gaining a better view of your vendors’ internal IT process, assures their controls are appropriate, as well as identifies system weaknesses, all to help prevent your reputation from being in jeopardy.
CSI's MCS risk 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 Vendor Assessment. 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.