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GRC Assessment Software for Third-Party Security Risk Management (TPSRM)
Work together to manage third-party security risks
Bring trust to your third-party vendor ecosystem with Isora. Collaborate with people inside and outside of your organization to build a more resilient supply chain.
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Trusted by established organizations & partners
Ensure compliance and security

Easily manage continuous third-party security risk assessments

Raise risk awareness

Everyone inside and outside the organization owns the assessment process

Strengthen your security posture

Identify security gaps and trends across third-party vendors

Increase visibility to reduce risk
Quit gathering information in spreadsheets or across different apps. Stay on top of all the details—people, assets, vendors and more—in Isora.
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  • Metadata tracking
  • Ownership tracking
  • Data classification tracking
Improve communication for more accurate assessments
Identify information security gaps with people inside and outside your organization.
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  • Framework questionnaires
  • Evidence management
  • Responsibility delegation
Risk Register & Reports
Manage risks more methodically
Mitigate issues quickly and strategically—get everyone in sync from the register. Identify areas of concern by analyzing findings in Isora.
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  • Questionnaire scorecards
  • Statistical summaries
  • Categorical heat maps
Isora transforms our approach to information security risk management, enabling our team to have meaningful conversations with people across disciplines, driving security improvements and a culture of risk awareness. It's been a game-changer for us.

Cam Beasley, Chief Information Security Officer

The University of Texas at Austin
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Master Third-Party Security Risk Management (TPSRM) with SaltyCloud's guide. Ideal for teams of all sizes. Start building or optimizing your program today.

Explore the importance of Vendor Risk Management (VRM) in safeguarding data and building strong partnerships with third-party vendors

Learn how to establish a successful vendor risk management (VRM) program at a higher education institution using the HECVAT.

Frequently Asked Questions
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What is Third-Party Security Risk Management (TPSRM)?

Third-Party Security Risk Management (TPSRM) is a critical process that ensures external entities like vendors, suppliers, and partners comply with an organization’s security standards when they access or handle sensitive data. TPSRM involves identifying, assessing, and mitigating risks to protect against data breaches and maintain compliance with relevant regulations. It is essential in managing the security of third-party interactions, safeguarding sensitive and regulated data, and ensuring these entities do not introduce security vulnerabilities.

Why is TPSRM necessary?

Organizations increasingly rely on a diverse range of third parties, including vendors, service providers, and partners, to support their operations. However, this ecosystem of third-party relationships also expands the attack surface, making organizations more susceptible to cyber threats and data breaches. A single security lapse in a third party’s systems can have devastating consequences for the organization, including financial losses, reputational damage, and regulatory non-compliance. Moreover, with the rise of supply chain attacks and the evolving regulatory landscape, TPSRM has become a critical necessity for organizations across all industries. By proactively managing third-party security risks, organizations can safeguard their sensitive data, maintain business continuity, and build trust with their stakeholders.

How can a GRC Assessment Platform help with TPSRM?

A GRC Assessment Platform like Isora streamlines Third-Party Security Risk Management (TPSRM) by offering a centralized system for teams to collaboratively conduct and manage third-party security risk assessments. It features user-friendly surveys and questionnaires to streamline evidence collection and response gathering from third parties. Additionally, Isora supports the creation and maintenance of a comprehensive third-party inventory, allowing organizations to systematically track and evaluate the security posture of each external partner.

What's the difference between TPSRM, TPRM, and VRM?

TPRM (Third-Party Risk Management) is a comprehensive approach that manages risks from all third-party interactions, encompassing various risk categories beyond just security. VRM (Vendor Risk Management) is a subset of TPRM, focusing on risks associated with vendors and service providers. In contrast, TPSRM (Third-Party Security Risk Management) specifically targets security risks associated with third parties, addressing the unique threats they pose. While TPRM and VRM cover broader risk aspects, TPSRM is focused on safeguarding against security vulnerabilities introduced by external entities with access to the organization’s data or systems.

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