Third-Party Risk ManagementManagement

The Challenge

Third-party vendors and embedded services are a frequent source of breaches. Managing vendor risk involves monitoring disparate risk factors, compliance posture, and security hygiene across partners and supply chain relationships.

How iCloudz Solves It

We consolidate third-party data and risk assessments into a centralized oversight platform, giving you clarity across the supply chain.

We evaluate vendor compliance, capability, and security posture through automated risk scoring and dashboards.

We enable you to define and enforce risk reduction plans, helping mitigate potential threats before they impact your business.

Frequently asked questions

What is third-party risk management?

It is the process of checking and monitoring the suppliers, service providers and software vendors that can access your systems or data. Many breaches start at a supplier, so their security becomes part of yours.

Does POPIA make us responsible for our suppliers?

Yes. Under POPIA, a responsible party must have a written contract with any operator that processes personal information on its behalf, requiring the operator to keep that information secure and to report security compromises. You remain accountable for the personal information.

How do you assess our vendors?

We combine security questionnaires, evidence reviews and external security ratings into a risk score for each vendor, then help you set and track the fixes you need from the high-risk ones.

We are FSCA or PA regulated. Does Joint Standard 2 cover third parties?

Yes. Joint Standard 2 expects regulated financial institutions to manage the cyber risk of third-party service providers as part of their cybersecurity framework. Our free JS2 readiness check includes this area.