At Atlas One, we understand the importance of maintaining the security and integrity of your organization's sensitive information. One of the key ways we can assist with this is through the development and maturity of third party risk management (TPRM) programs

A robust third party risk management program helps organizations ensure that their technology supply chain is secure, reliable, and compliant with applicable laws and regulations.

Here are some of the key offerings that Atlas One provides for developing and managing third party risk management programs:

1. Risk Assessment: The first step in any effective third party risk management program is to conduct a risk assessment of the organization's technology supply chain. Atlas One can help your organization identify critical vendors and partners, evaluate their security and privacy practices, and assess the potential risks they pose.

2. Risk Mitigation: Based on the risk assessment results, Atlas One can work with the organization to develop a risk mitigation plan. This may include developing security and privacy requirements for vendors, implementing controls to monitor vendor compliance, drafting custom information security addendums, and establishing processes for responding to security incidents or data breaches.

3. Policy Development: Atlas One can partner with your organization to develop policies and procedures that govern the management of third party risks. These policies should be aligned with industry standards and regulations and be tailored to the organization's specific needs.

4. Vendor Management: Provide guidance on vendor selection and management, helping the organization establish processes for evaluating vendor security and privacy practices, conducting due diligence on potential vendors, and monitoring vendor compliance.

5. Training and Awareness: Developing and managing third party risk management programs require ongoing education and training for employees and third-party vendors. The consulting firm can help the organization develop training programs that raise awareness about the importance of third party risk management and provide guidance on implementing best practices.

6. Continuous Improvement: Finally, Atlas One’s professional services can help your organization establish processes for continuous improvement of the third party risk management program. This may include conducting periodic reviews of the program, measuring the effectiveness of the controls in place, and updating the program to reflect changing business needs and industry trends.

Overall, developing and managing third party risk management programs is critical to adequately managing your technology supply chain risk. By partnering with us, you can ensure that your technology supply chain is secure, reliable, and compliant with applicable laws and regulations.

Contact us today to learn more about how we can help you safeguard your technology supply chain.