Third Party Risk Assessments

If you use outside parties to either hold your customer data (such as a website firm or offsite marketing firm), or to process it (such as a payroll firm, or delivery firm) then your data is at risk and you are liable if they lose it, use it or sell it on. Yet what checks do you undertake to make sure that they take adequate steps to protect your data? Very few organisations conduct  physically checks on the third parties to whom they entrust their most valuable asset:data.

Do you use outside parties

• to manage your databases
• host your website
• run your IT
• handle payroll
• handle email campaigns
• handle deliveries?

If the answer if ‘yes’, then your business is at risk if they do not protect your customer data. Yet if they lose your customer data, you are the one who pays the price in terms of financial loss, reputational damage and customer mistrust. What should you do to make sure your data does not get left on a train, lost in the post, or stolen whilst in their possession?

Using our risk assessment you can

• check what data is sent to which outside party,
• check the strength of their protection levels and whether you should be dealing with them at all.
• take steps to protect your business by ensuring your data is properly protected

And don’t make the mistake of thinking the larger firms you use must be getting it right – always check, and double check !

Suitable for

• Directors, Owners
• Senior Managers
• IT managers
• risk managers
• Legal teams
• all customer data handling staff.