Venminder Announces New Features and Design for Information Security and Privacy Assessment Providing Actionable Insights for Vendor Risk Assessments
Thursday, August 31, 2023
Venminder, the leading third-party risk management solution provider, today announced new innovations to their Information Security and Privacy Assessment that will further streamline customer due diligence and risk assessing of vendor controls. Venminder's Information Security and Privacy Assessment is expertly designed to provide their more than 1,200 customers a comprehensive yet easy-to-understand risk-based assessment on the controls the vendor has in place to protect data.
ELIZABETHTOWN, Ky., Aug. 23, 2023 /PRNewswire-PRWeb/ -- Venminder, the leading third-party risk management solution provider, today announced new innovations to their Information Security and Privacy Assessment that will further streamline customer due diligence and risk assessing of vendor controls. Venminder's Information Security and Privacy Assessment is expertly designed to provide their more than 1,200 customers a comprehensive yet easy-to-understand risk-based assessment on the controls the vendor has in place to protect data.
"Venminder is thrilled to unveil the latest updates to our Information Security and Privacy Assessment," announced James Hyde, CEO of Venminder. "This in-depth risk assessment has proven to be an indispensable resource for customers seeking to enhance their team and conserve their internal resources. We conduct a meticulous risk-based assessment that provides customers with a clear understanding of the vendor's security environment maturity, as well as the technical details required by their security and risk management experts."
Venminder's Information Security and Privacy Assessment is part of their popular Vendiligence(TM) product line of vendor control assessments that gives an efficient and time-saving approach to comprehensive third-party risk management. The company has continued to rapidly grow as vendor breaches become more prevalent, regulatory pressures increase, and the continued awareness of protecting brand reputation when aligning with high-risk vendors. Venminder's library of control assessments are unique to the market as their experts review the vendor's documentation as part of their assessments, which include independently audited documents, to verify that controls are in place. Venminder's subject-matter experts responsible for delivering the control assessments include skilled third-party risk management experts, with proven experience and qualifications.
"We're dedicated to continuing to deliver on the industry's best vendor risk-based assessments that provide an efficient and time-saving approach to comprehensive third-party risk management," said Hyde. "This assessment is just the first of our Vendiligence(TM) offerings to receive our latest enhancements, with our other assessments to be announced in the coming months."
Venminder's Information Security and Privacy Assessment updates include:
-- Redesigned single dashboard view that displays vendor profile
information and expert-driven assessment results, with Vendiligence(TM)
Overall Risk Rating and independent control domain ratings
-- Easily searchable regulatory mapping that links each section to the
relevant industry guidance and standard that the control is addressing
-- Ability to view as an online report in the Venminder platform or
downloadable for internal sharing and review
To learn more about Venminder's Information Security and Privacy Assessment or to view an interactive tour, visit: https://www.venminder.com/products/assessments/information-security-privacy
About Venminder
Venminder offers a world-class SaaS platform that guides and streamlines third-party risk management. More than 1,200 customers use Venminder to manage the entire end-to-end vendor lifecycle, from onboarding new vendors to ongoing management, to offboarding vendors. Having mastered combining technology with the human experience, Venminder's software platform enables customers to manage vendors, contracts, due diligence tasks, questionnaires, risk assessments and monitoring. Completed assessments on vendor controls can be found in the Venminder library and include thorough assessments of a vendor's information security, SOC reports, contracts, financials, business continuity/disaster recovery and more. Venminder also powers Third Party ThinkTank, an online free community dedicated to third-party risk professionals. For more information, visit http://www.venminder.com or follow Venminder on LinkedIn, Twitter and Facebook.
Media Contact
Deirdre Grubbs, Venminder, +1 (888) 836-6463, media@venminder.com, www.venminder.com
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SOURCE Venminder
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