Cyber Risk

Optimized Third-Party Cyber Risk Management Programs

Manage risk, not spreadsheets. Identify and remediate cybersecurity risks inherent in third-party relationships, helping achieve compliance with regulations such as NYDFS, FARS, GDPR, etc.

Third parties can add great business value to your enterprise, but they also bring their own risks. In fact, 61% of respondents surveyed for Kroll’s Global Fraud and Risk Report 2017/18 stated the last incident their company suffered was the result of an issue or attack at a third party. When an incident affects your customers, it won’t matter if the source was a third party – your organization will be held accountable for the harm. With your reputation and revenue on the line, how are you managing third-party cyber risk? Do you fully understand the state of your third parties’ cybersecurity and resilience? How well are they protecting your confidential and highly sensitive information?

Kroll’s third-party cyber risk management (TPCRM) services deliver a multidirectional view of risk that supports defensible cybersecurity strategies and regulatory requirements. You benefit from our powerful blend of unique insight that only comes from in-house experience with managing third-party risk and handling more than 1,000 diverse cyber incidents every year with today’s most advanced technology, including Kroll’s CyberDetectER® and CyberClarity360™.

Importantly, all of Kroll’s TPCRM solutions are designed to be transparent and provide actionable remedies. Our pragmatic approach gives you the strategic foundation to ultimately improve and strengthen confidence in your vendor partnerships.

Third-Party Cyber Risk Management: Objective and Expert Guidance

Kroll’s vendor risk management services are designed to provide a comprehensive evaluation of the security risks that a third-party organization may present. Our core services are listed below:

CyberClarity360™ Third-Party Cyber Risk Management Platform

CyberClarity360™ is a sophisticated solution that helps organizations efficiently assess and confidently track the cybersecurity and resilience of their third parties. CyberClarity360 quantifies cyber risk by leveraging a transparent scoring and analysis system designed to deliver unique insights, drive informed risk-based decisions, and offer insight into often overlooked risk areas not only at control level detail, but also portfolio-wide.

Platform Overview

 

CyberClarity360 is a field-proven solution, trusted by some of the world’s largest organizations (including firms in the Fortune 50 and FTSE 100) to deliver key advantages for managing third-party cyber risk:

Increase Velocity and Reach

Automate assessment collection, reaching more vendors in less time

Validate Responses

Smart algorithms surface incomplete and inconsistent answers

Identify Compliance and Control Gaps

Map assessment results against security and regulatory frameworks, such as NIST CSF and CIS, to identify control gaps

Generate and Track Remediation

Tailored remediation advice and remediation validation capability 

Real-Time Risk Monitoring

Live dashboards and reporting capabilities, risk disposition and acceptance tracking

 

CyberDetectER® DarkWeb

By using CyberDetectER DarkWeb to monitor third-party data on the dark web, you can potentially understand exposures stemming from third parties, including professional services providers, vendors and suppliers.

For example, CyberDetectER DarkWeb discovered that several highly sensitive and privileged documents belonging to one of our clients, a Fortune 100 global financial services company, were being disclosed to public peer-to-peer (P2P) file-sharing networks. Kroll found the source to be a paralegal for one of the client’s outside law firms who was inadvertently disclosing this content while accessing free media on P2P networks. Had these files remained in the public domain, they could have lost their privileged classification and been open for discovery by opposing counsel, exposing much of the company’s legal strategy. 

Strategic Program Advice

Kroll, a division of Duff & Phelps, provides advisory services to assist CISOs and organizations with their cybersecurity strategy and program building. Kroll assists with leading setup and monitoring of your TPCRM program, risk committee meetings, providing security assessment remediation guidance, evaluating on-premise and cloud-based security solutions, data mapping, incident response planning, training and other third-party risk services.

Cybersecurity Program Assessment

Detailed assessment of the maturity level of the third party’s security program with an emphasis on the organization’s ability to defend against and respond to cybersecurity threats affecting its information assets and mitigate the risk of suffering a security breach. Kroll utilizes standard security frameworks such as NIST, CIS Controls™, ISO, etc. and focuses on regulatory requirements such as HIPAA, SEC, NY-DFS, GDPR, etc.

Penetration Testing

The goal of a penetration test is to attempt to gain access to corporate assets from the Internet, simulating a real-world attack. Internet reconnaissance is completed to identify publicly accessible information that may aid in the attack. Targeted phishing exercises are included as part of the testing. 

Vulnerability Testing

The goal of a vulnerability test is to determine if security vulnerabilities exist which may be exploitable by attackers. Kroll utilizes advanced vulnerability assessment tools to identify potential security vulnerabilities within the corporate environment.

Global Risk Management Expertise

Our end-to-end TPCRM solutions are powered by Kroll’s unrivaled expertise in cyber risk management and the frontline insights acquired by handling more than 1,000 cyber incidents per year. Enterprises benefit from our cyber and compliance expertise in regulations such as current European data protection laws, US HIPAA, PCI DSS, CASL and Hong Kong's DPO Principle 4, among others. Many of our risk professionals bring years of unique experience in a variety of industries as well as from their former service with law enforcement and regulatory agencies:

  • Federal Bureau of Investigation (FBI)
  • U.S. Department of Justice (DOJ)
  • Interpol
  • UK Intelligence and Policing
  • Europol
  • Hong Kong Police Force
  • Securities and Exchange Commission (SEC)
  • U.S. Department of Homeland Security (DHS)
  • U.S. Secret Service (USSS)
  • U.S. Attorney's Office

Defensible cybersecurity includes knowing your third-party cyber risks

Protect your reputation and bottom line with Kroll’s third-party cyber risk management services. We can help you assess, identify and remediate with confidence. Speak with one of our experts today. 

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