Aravo For Third Party Information Security

A cost-effective, cloud-based solution that embeds information security risk assessments directly into the third party and supplier pre-contract due diligence and onboarding process, and allows firms to continually monitor their risk and compliance posture throughout the life cycle of the relationship.

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Third Parties Can Pose The Biggest Threat To Your Cyber Security

Cyberattacks and data breaches leap from the headlines daily, resulting in reputational damage, loss of customer trust, fines and significant remediation expenses. The 2017 Ponemon Institute’s Cost of Data Breach Study, estimates that the cost of a single data breach to be $3.86 million, with mega breaches reaching $350 million. Over 60% of data breaches can be linked either directly or indirectly to a third party and the associated costs can be staggering. You need to ensure your third parties apply and maintain the rigorous controls you expect to protect your digital assets and reputation.

Ensure Third Parties Are Protecting Your Digital Assets And Reputation

Aravo for Information Security allows you to apply a consistent and objective information security risk management and compliance program for all your third parties and vendors with access to networks, systems and data. Best practice assessments and workflows enable organizations to rapidly implement a control framework that mitigates risk in line with regulatory and business expectation.

More Efficient And Effective Third Party Information Security Risk Management

Dramatically reduce the time required for the assessment and due diligence of third parties. By eliminating multiple inventories and manual processes that rely on unreliable email and spreadsheets, you save time, gain productivity and deliver consistent and scalable programs.

Aravo for Information Security is built on Aravo’s third party risk management application. It comes with the application’s pre-defined data model, dynamic online questionnaire, automated workflows, risk scoring, performance scoring, issues and corrective action capabilities, reports and dashboards and integration capabilities. It can be complemented with services to configure and integrate to your individual program requirements.