Training: Managing cybersecurity risks related to third-party service providers
1. Provider selection: risks and safety measures
Third-party risk management is a process and a series of practices whose objectives are :
- Identifying risks
- Evaluate them
- Treating them
The different types of cybersecurity risk
1.third-party risks :
Relationship risks
Reputation risks.
- Risks related to company data
- Financial risks
- Financial risks
- Supply risks.
- Supply risks.
Risks aside, it's important to carry out due diligence before selecting a service provider.
Cybersecurity due diligence cybersecurity means analyzing the service provider: financial, operational, environmental and cyber (compliance, etc.) analysis.
It protects your business, your data and your reputation.
It also ensures that the service provider has implemented security measures to protect the data.
It also ensures that the service provider complies with regulations, and reduces the cost of the service.
2. Recommendations when signing the contract.
The contract signed with the service provider must contain the following cybersecurity elements:
- Data confidentiality clauses
- Notification of violations and incidents
- Clauses relating to requests for compliance or audit reports
- Clauses relating to data reversibility, privileged access and service level agreements
- Penalties for non-compliance
- Training of service provider's employees.
In terms of liability, the cybersecurity contract must be clearly defined:
- Data confidentiality clauses
- Notify customer of incidents
- Specify incident resolution times.
3. Monitoring of cybersecurity service provider
Provider control varies according to the company, the provider and the contract. Generally speaking, it involves regular audits. So, depending on the service provider, you need to:
- Continuous assurance for compliance
- Regular compliance reports
- A controlled risk management system.
For further information or to request a callback
We'll get back to you as soon as possible
