Beyond your walls, risks thrive.

Don't let vulnerabilities
lurk in the shadows

Secure your ecosystem and third-parties, today!

BLOG

Third-Party Risk Management Ownership: A Critical Analysis

Engage us; a licensed cybersecurity service provider

To ensure business sustainability and bolster their digital defenses, companies are highly recommended to collaborate with licensed cybersecurity providers. Responsible Cyber, with its official License No: CS/PTS/C-2023-0413, is now an accredited provider for Penetration Testing Services in Singapore.

Start Your Journey
with Knowledge

Cybersecurity Breaches

If a third-party provider with access to your network gets compromised, it could lead to a data breach affecting your company, with significant financial losses, irreparable reputational damage.

Compliance Failures

If a third party isn't compliant with critical regulations (GDPR, HIPAA, CCPA, etc.), it could lead to significant legal penalties, financial repercussions, and operational stoppages for your company.

Operational Disruptions

If a critical third-party vendor fails to deliver services (e.g., cloud service providers, supply chain partners), it could halt your entire business operation, leading to financial losses and potential insolvency.

Financial Implications

Unmonitored third parties may become insolvent or entangled in financial controversies that can affect your organization directly, both in terms of financial loss and reputation.

"Magda and her team, with their advanced knowledge in the cybersecurity space and in-depth knowledge in cyber insurance, has brought together many key areas of the cybersecurity domain, which will empower companies in building cyber resiliency and buying cyber insurance."

IT Director, Research Organization, Singapore

"IMMUNE X-TPRM has completely transformed the way we manage third-party risks. Its customisable workflows and automated checks have enabled us to streamline our risk management processes and gain a comprehensive view of our third-party risk profile."

Myriam Zekri, Engineer, Tunisian University

"The platform's automated risk analyser and custom risk assessments have given us the ability to identify and mitigate risks associated with our third-parties with greater accuracy and efficiency."

Andrew Taylor, Senior Vice President Financial Lines, MSIG Asia

Icon