Cyber risk assessment
Engaging Third Parties who are providing you with Software including Software as a Solution (SaaS) – Then you have a Third Party Cyber Risk on your hands (also called Vendor Cyber Risk).
Engage a Cyber Security Consultancy to provide a Third Party Cyber Risk Assessment of a Vendor on your behalf where you can find out what Cyber Risks you have by storing your data with each Vendor.
This involves a Cyber Security questionnaire being sent to the Vendor and requesting them to complete it. The questions usually cover Cyber Security topics based on different Cyber Security Standards such as NIST Cyber Security Framework, ISO 27001, and SOC 2 Type 2 reports.
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