Vendor Risk Management
Why You Need Vendor Risk Management
With new regulations like GDPR, organizations are exposed to liabilities if an external vendor has a break. That makes it more important than ever to conduct security and risk audits of your business partners to avoid breaches and regulatory fines. But with dozens or even hundreds of vendors, each with varying levels of risk, this becomes a challenge. When it comes to your security audit, vendor risk management is a tedious, time-consuming process that can take weeks to complete, even for a small organization. This part of your audit can become increasingly complex as your organization grows and adds more apps to your tech stack.
How It Works
Tugboat Logic’s Vendor Risk Management Module is a one-stop shop to understanding the security of your vendors. Use our prebuilt security questionnaire template or upload your own. And no more spreadsheets—we invite your vendors to answer the questionnaire in an intuitive web-based portal that keeps everything in one place. All the responses from your vendors are stored in the Tugboat Logic platform as proof of compliance for audit purposes.
How It Helps You
Tugboat Logic’s Vendor Risk Management Module makes assessing your business partners’ security postures a breeze. Our software automatically sends out security questionnaires to third-party vendors and collects their responses in a cloud-based, centralized management console. You can use the console to understand if your vendors are compliant year over year and store their InfoSec program details for GDPR audits.
Learn more about Tugboat Logic’s GDPR compliance solution.