We conduct a thorough inventory of your third-party relationships, mapping data flows, access levels, and dependencies. This process creates visibility into your entire third-party ecosystem and identifies critical relationships that require enhanced monitoring.
Our team develops a customized risk assessment framework that aligns with your industry requirements and risk tolerance. We evaluate vendors based on multiple risk factors, including financial stability, security controls, compliance status, and business continuity capabilities.
We perform comprehensive due diligence assessments of your third parties, examining their security practices, compliance certifications, and operational resilience. This includes reviewing documentation, conducting on-site assessments when necessary, and validating security controls.
We establish a robust monitoring program to track third-party performance and risk indicators continuously. This includes regular assessments, real-time alerts for significant changes, and periodic reviews of compliance documentation.
Based on assessment findings, we develop targeted risk mitigation strategies. This includes recommending contractual safeguards, implementing additional controls, and developing contingency plans for critical vendors.
The PCI Security Standards Council typically releases major updates every 2-3 years, with the most recent version being PCI DSS 4.0 released in March 2022. Minor updates and clarifications may be issued more frequently. Organizations usually get 12-24 months to transition to new versions after they’re released.
