Redefining
Third-Party Risk Management
Streamlined Third-Party Security
Managing third-party risks is more critical than ever. RiskHub is a next-generation third-party risk management (TPRM) platform designed to provide a holistic view of vendor security and compliance. By combining external monitoring and internal assessments, RiskHub helps organizations ensure secure and compliant vendor relationships.
Key Features
Comprehensive Risk Insights
RiskHub delivers a 360-degree assessment of vendor risks by analyzing both external intelligence and internal security controls. This dual approach enables organizations to centrally consolidate third-party attack surfaces, including monitoring for data breaches, threat actor claims, and security vulnerabilities; this is then complemented with capabilities to perform ongoing assessments of these organizations via compliance questionnaires.
Automated Third-Party Discovery
Understanding vendor relationships beyond direct suppliers is essential. RiskHub automatically identifies and tracks third-party / fourth-party / nth-party connections, ensuring full visibility across the entire ecosystem. This proactive approach minimizes hidden risks and strengthens supply chain security.
Seamless Compliance Alignment
Navigating complex regulatory landscapes is simplified with RiskHub’s built-in compliance mapping. The platform aligns vendor risk data with over 200 international standards and regulatory frameworks, ensuring that third parties adhere to compliance requirements, reducing regulatory risks, and avoiding potential penalties
Customizable Risk Assessments
Every organization has unique risk requirements. RiskHub enables users to tailor security assessments by leveraging predefined industry-standard questionnaires or creating custom evaluation templates. This flexibility ensures vendor risk evaluations align with specific compliance needs and risk tolerance levels.
Smart Alerts & Proactive Notifications
Stay ahead of risks with automated alerts on changes in vendor risk scores, security posture, and new vulnerabilities. RiskHub ensures that security teams can proactively address threats before they impact operations.
Continuous Security Monitoring
RiskHub provides real-time visibility into third-party security risks by continuously monitoring cyber threats, vulnerabilities, and breaches. Organizations receive instant alerts, allowing them to detect and respond quickly.
Why RiskHub?
RiskHub provides GRC, IT, and security teams with a centralized, data-driven platform for managing vendor risks effectively. With its intelligent automation, continuous monitoring, and compliance-driven approach, RiskHub ensures that organizations can securely engage with third parties while maintaining resilience in an evolving cyber threat landscape.
Solutions by RiskHub
Third-Party Risk Management
Frequently Asked Questions
How can Third-Party Cyber Risk profiling help organizations?
Third-party risk profiling helps organizations gain insight into the cybersecurity posture of their vendors, partners, and customer licensees, as well as potential prospects, thus understanding the possible risks that might occur while being associated with them. Being aware of your organization’s third-party cybersecurity posture helps you decide whether to initiate, maintain, or terminate business with them. This leads to a secure cyber ecosystem, reducing potential financial and reputational damages.
How many Third-Party Risk profiles do I get? How many portfolios can I create?
The amount of credits you receive within the RiskHub module depends on the package you are currently subscribed to, along with the ability to add more requests by sending out a mail to our team at monitor@ctm360.com. Currently, there is no limit on the number of portfolios you can create as long as you have the required credits to populate these portfolios.
How can I help my vendors address their issues?
You can invite your vendor to our Community Edition platform for free, allowing them to have limited visibility of their data, including existing issues, to help them address and resolve them effectively.
Can Vendors attach evidence to their assessments?
Vendors can attach all necessary or requested evidence in one link. Vendors should ensure that these link(s) are secured and accessible to the authorized requestor only. Additionally, vendors may utilize their preferred cloud storage service (e.g., Google Drive, Dropbox, Sharepoint, etc.) to maintain full control over shared data. CTM360 has no visibility on any of this shared data.
Is it possible to create a new custom questionnaire?
Yes, users can create new custom questionnaires by navigating to the 'Builder' section. Within this section, users can leverage our comprehensive control question library to create a tailored questionnaire that aligns with their requirements.
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