$2.6 million
average cost of a data breach in the public sector
Government agencies hold some of the most sensitive data in the world, and many of them entrust third-party vendors to store, transmit, and access this data. So, what happens when that third party experiences a data breach or unexpectedly shuts down? It’s more important than ever for government agencies to identify, assess, and monitor third-party vendors.
average cost of a data breach in the public sector
are worried about third-party risk in the public sector
records impacted in government data breaches in 8 years
Venminder’s platform helps identify critical and high-risk vendors and manage the contracts in one centralized space. Automated tasks and emails free up your time to focus on high-value tasks, while the customizable risk assessments help determine a vendor’s highest risks that need mitigated. Stay aware of any new and emerging risks with monitoring and individual vendor dashboards.
With Venminder, you have access to many experts across various vendor risk domains, like information security, finance, and business continuity. These experts can review documentation and provide qualified opinions. This helps determine your most critical vendors and who needs the most attention.
Contract management is a crucial component to managing and mitigating third-party risk management. Instead of using error-prone spreadsheets, track vendor dates and risk profiles with Venminder's centralized platform.
Venminder's automations help send emails and questionnaires, assign the right risk assessment tasks to the right task owner, and generative reports. Use customizable templates for consistent vendor risk assessments.
Assess your vendors' risks and evaluate controls with Venminder's control assessments. Recieve a report with risk ratings, indicators, and recommendations to determine critical vendors.
Other organizations across industries use Venminder to manage vendors and enhance risk management programs. Hear first hand how Venminder has benefitted organizations with these case studies.
Completed assessments can be searched, previewed, and ordered directly from the Venminder Exchange
Schedule a personalized solution demonstration to see how Venminder can improve your processes.