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Third Party Risk Management (TPRM)

In today's interconnected business environment, managing third-party risks is crucial to maintaining a secure and compliant organization. At FedShark, we specialize in providing comprehensive Third Party Risk Management (TPRM) solutions that protect your business from potential vulnerabilities introduced by third-party relationships. Our services ensure that your partners, vendors, and suppliers adhere to the highest standards of security and compliance.

TPRM_Services

Here Is How FedShark TPRM Service Works

Just follow these four simple steps, sit back, relax and let us do the rest for you and your team.
1
KICKOFF

Kickoff Call: Begin with a detailed discussion to understand your organization’s specific needs and objectives.

Scope Definition: Define the scope of the third-party risk assessment, including the types of third parties to be assessed and the relevant compliance frameworks.

2
ASSESS

Interviews and Documentation Review: Conduct comprehensive interviews and review all pertinent documents related to third-party relationships and compliance requirements.

AI-Powered Assessment: Utilize our AI-powered RapidAssess™ tool to conduct a thorough and precise assessment of third-party compliance.

3
ANALYSIS

Risk Scoring and Gap Analysis: Apply scoring methodologies to evaluate compliance status, identify gaps, and provide a clear picture of areas needing improvement.

Detailed Reports and POA&M: Generate detailed reports with risk scores, identified gaps, and actionable recommendations, including a plan of action and milestones (POA&M

4
REPORT

Remediation Support: Provide expert guidance and support to implement recommended actions and remediate identified gaps.

Ongoing Monitoring: Continuously monitor third-party compliance to ensure sustained security and adherence to evolving regulatory standards.

Use Cases

Uses Cases

In today's interconnected business landscape, third-party vendors introduce risks like data breaches and compliance violations across all industries.FedShark's Third Party Risk Management (TPRM) solutions mitigate these risks through thorough assessments, continuous monitoring, and expert remediation. Leveraging advanced tools and industry expertise, FedShark helps organizations enhance security, maintain regulatory compliance, and build resilient, trusted partnerships.

  • Healthcare  
  • Finance
  • Manufacturing
  • Retail
  • Technology
  • Legal Services
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Learn more about TPRM

Protect your business from third-party risks and ensure compliance across all industries. Contact FedShark now to schedule your consultation and learn how our comprehensive TPRM solutions can safeguard your organization. Enhance your security posture, maintain regulatory compliance, and build resilient partnerships with FedShark's expertise.