Third Party Risk Assessments Services | Microminder Cyber SecurityThird Party Risk Assessments Services

Talk with experts

Please get in touch using the form below

By submitting this form you agree to our Privacy Policy
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Message Sent

Thank you for contacting us. We will get back to you shortly.

Something has gone wrong!

What is Third-Party Risk Assessment

Businesses exchange data with third-party service providers and subcontractors to enhance customer experience and lessen expenses.

But with outsourcing to a third party comes the possible risk of data breaches and cyberattacks.

A third-party breach can lead to significant economic losses, inconvenience, exposure of confidential data, reputational damage, penalties, and other legal obligations.

Read More +

We then classify the vendors depending on the severity of the damage they can do to your firm. To fully comprehend this, we first establish where the data is stored and if it is processed further. Our team also considers other aspects that may suggest the type of security evaluation needed.

We compile a list of all your third-party merchants. Our strategy is to start with the suppliers most consequential to your organisation's functioning and then move on to the lesser ones that provide assistance. We make sure not to exclude any seller, regardless of size, because you never know which one might jeopardise your entire business.

We then grade third-party providers depending on the amount of threat to your business. There are three risk levels: high, medium, and low. High and medium-risk vendors deal with critical operations or sensitive data, whereas low-risk vendors do not.

After thoroughly assessing the vendors and threats they may pose, we get a clear understanding that allows us to quickly increase the security of your third-party data transfers. We also regularly monitor your operations to secure your information and company image.

Benefits of Microminder’s Third-Party Risk Assessment Services

Third-party risks can be challenging to identify & assess without the help of an independent group.

This is where Microminder comes in! Our team is highly experienced in conducting complete and detailed assessments of all types of data processors, from small businesses to large enterprises. With our third-party assessment services, you will get:

Better security posture
Enhanced consumer experience
Improved operational efficiency
Greater consumer trust
Reduction of business disruption
Higher sales, projections and profitability
Third party performance meets your expectations

Get a thorough third-party risk assessment

Managing third-party risk becomes more complex as your company grows. Vendors and suppliers are essential for your success, but they provide an additional element of risk that you cannot afford to ignore. Get a thorough third-party risk assessment to uncover vulnerability and support in choosing the best mitigation solutions to defend your firm. Contact Microminder today!

Talk with experts

We bring intelligence and mindset together.

Transform your cyber security strategy and make it your competitive advantage. Drive cost efficiency and seamlessly build a roadmap. Let’s do it right the first time!

Book a Discovery Call

Call 020 3336 7200

Client Testimonials

What our clients say about us

Clients in over 20 countries have secured their businesses from online threats with our cybersecurity services. Excellent customer support and cost-effective pricing are just a few of the reasons we’ve established long-lasting, highly successful relationships with our varied clients. Read our company testimonials to learn more about our unique capabilities and why so many clients have chosen us as their go-to provider for security solutions.

Claire Lee

Practice Manager - Amsel and Wilkins LLP

Microminder's in depth and broad scope pen testing truly provided us with some valuable insights that uncovered key business risks and highlighted necessary actionable intelligent changes that needed to be implemented within our business to combat any potential cyber-attacks from adversaries and prevent any breaches. This exercise helped us to enhance our cyber security posture and test our system’s resilience. We are quite pleased with our engagement with Microminder.

Julie Cockbill

Head of Operations - InfinityBlu dental

Microminder's 24/7 managed security services got deployed with such ease and immediately gave us an eagle eye view into our security logs and events, highlighting any indicators of compromise, effectively automated our response and correlated the incidents with full context, thereby triaging and eliminating all false positives. Our team are amazed at the speed and accuracy of Microminder’s Open XDR technology and skilled staff.

Tina Patel

Head of Integrations – Dental Beauty Partners

Our priority is business continuity and security, especially considering our operations across our 30+ practices. Microminder helped us with a tailored managed security services that aligned with our business needs. Their technology is at the forefront of the industry and that allows us to fully put our trust in their cyber security experts. We are glad to have Microminder as an extension of our technology team!

Philipp Mussbacher

Security Engineer & solutions consultant – Anonymous

Due to the fact that we work a lot with sensitive data in a business context, information security plays a big role for us. Due to the difficult labour market situation and the urgency to improve our security, we have chosen Microminder's CISO as a Service model and are very happy with it. Our virtual CISO manages to ensure stability and quality on the security side as well as legal requirements and compliance. I can only recommend Microminder's service.

Blogs & Resources

Discover our latest content and resources