🔒 How to handle your Vendor Risk Management

In today’s landscape of increasingly complex supply chains and tightening regulatory demands, vendor risk management has become a critical driver of performance and resilience.

What Is Vendor Risk Management (VRM)?

VRM is a methodological and technological framework that enables an organization to:

• Identify all its service providers and subcontractors

• Continuously monitor their risk profiles

• Mitigate and remediate potential incidents or deviations swiftly

It spans the entire vendor lifecycle, from initial due diligence through to offboarding.

Key VRM Objectives

• Operational continuity: minimize disruptions caused by a failing vendor

• Compliance: adhere to GDPR, ISO 27001, HIPAA, etc., and avoid fines and penalties

• Cybersecurity: shrink the attack surface and detect vulnerabilities early

• Financial health & reputation: anticipate vendor failures and protect your brand

DeepSafe’s Approach to VRM

In partnership with Safe Security, DeepSafe delivers an integrated VRM/TPRM solution to:

• Dynamically prioritize vendors according to real-time risk levels

• Recommend Zero Trust measures to harden external access

• Automate questionnaires and scoring via GenAI

• Leverage open standards (FAIR, MITRE ATT&CK, NIST CSF)

• Visualize threats and risk posture at a glance on a unified dashboard