Training: Managing cybersecurity risks related to third-party providers
1. Selection of the provider: 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
Different types of cybersecurity risks
1. Risks related to third parties overall:
Relationship risks
Reputation risks.
- Risks related to company data
- Financial risks
- Financial risks
- Procurement risks.
- Procurement risks.
Apart from risks, it is important to do due diligence before selecting the claimant.
Due diligence in cybersecurity is the analysis of the provider: financial, operational, environmental, and cyber analysis (compliance, ...).
It protects the company's business, data and reputation.
It also ensures that the claimant has security measures in place to protect the data.
It also ensures that the claimant's regulatory compliance and the cost reduction of the benefit are ensured.
2. Recommendations for signing the contract.
The contract signed with the claimant must contain the following cyber security elements:
- Data confidentiality clauses
- Notification of violations or incidents
- Clauses related to the request for compliance or audit reports
- Clauses related to the reversibility of data, privileged access, service level agreements
- Sanctions for non-compliance
- Training of the claimant's employees.
In terms of liability, we must find in the cybersecurity contract:
- Data confidentiality clauses
- Notify client of incidents
- Specify time frames for resolving incidents.
3. Follow-up by cybersecurity provider
The control of the provider varies according to the company, the provider and the contract. Overall, these are regular audits. Thus, depending on the claimant, it is necessary to:
- Continuous assurance for compliance
- Regular compliance reports
- A controlled risk management system.
For any information or recall request
We will reply as soon as possible
