Compare Third party risk management

Third Party Risk Management QuickStart – Cybersecurity in the Supply Chain

The efficient way to effective supplier risk management.
Cybersecurity Basics

Why Is Third Party Risk Management So Important?

Security and Compliance Standards significantly highlight the topic of security in the supply chain and Third Party Risk Management (TPRM). Currently, there is often a lack of transparency and control in companies’ supply chains. In practice, this results in high complexity in implementation, often compounded by a shortage of expertise. Time and cost constraints typically hinder effective TPRM. This is where CyberCompare comes in.

direct & simple

Receive a free, qualified assessment of your third party risk management approach

Do you already use a tool-based solution for third-party risk management?
SIMPLE. CLEAR. AFFORDABLE.

How We Help You Secure Your Supply Chain​

Inventory Assessment and Supplier Register
  • Workshop for the inventory assessment of “Supply Chain Security.”

Result of the Workshop : Evaluation of risk factors, concrete action recommendations, and good practice suggestions.

  • Initial setup of a supplier register, including a customer-specific questionnaire, supported by virtual workshops and a proven template with a dashboard.
  • Consulting regarding legal requirements and compliance risks.
Analysis of Top Suppliers
  • CyberCompare carries out tailored diagnostics for critical suppliers and assesses risk factors individually for you.
  • Maintenance of the supplier register for these suppliers by CyberCompare.
Suppliers Watchlist
  • Scope: IT and cybersecurity suppliers.
  • Continuous monitoring regarding cyber attacks & data incidents, critical financial risks, significant M&A activities, and content-related (re)alignments.
  • Annual written management briefing for each supplier.
  • Ad-hoc notifications for critical changes.
Selection Process for Tool and Service (RfI and RfP)
  • Market study with 10 potential tools and services to further professionalize your TPRM.
  • RfI or RfP for obtaining and comparing offers from up to 5 providers.
Finally transparency in the supply chain

How Do You and Your Purchasing Department Benefit From Our Approach

Modularity

We begin with a brief assessment to define the right starting point with you. Then we will collaboratively build the first version of the supplier register based on templates, so you can start tracking your top suppliers. After that, with the help of our consulting, you will define how to gradually increase the maturity level, for example, also through specialized tools and services.

Independency

As always, we guarantee to act independently and solely on your behalf. This means we have a broad market perspective, can access all offers available in the market, and compare them individually for you. We do not receive any commissions or referral fees. Our sole goal is to build your Third Party Risk Management as efficiently as possible so that you can effectively manage your suppliers.

Clear Core Competence

You also benefit directly from other CyberCompare customer projects, as we always share the newly acquired knowledge with new clients. The CyberCompare ecosystem currently includes nearly 500 customers, and we focus on the most relevant security providers for you.

Start with a no-obligation initial consultation on cyber security in your supply chain
Philipp Pelkmann

CTO of CyberCompare
+49 (0)711 811-91494

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