Venminder Announces New Features and Design for Information Security and Privacy Assessment Providing Actionable Insights for Vendor Risk Assessments

Elizabethtown, KY – 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™ 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™ 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™ 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