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Author name: Kapil Matta

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How to Continuously Validate Third-Party Controls

You continuously validate a third party’s controls by writing down the state each critical control should be in, reading evidence of that state from sources you can check on a schedule set by risk, and reopening the assessment whenever the evidence or the relationship changes. This article sets out the evidence sources, an 8 step method, the events that should reopen an assessment and what to do when a supplier’s controls deteriorate after onboarding.

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What Is Fourth-Party Risk?

Fourth-party risk is the risk an organization carries through its suppliers’ own suppliers, the subcontractors and service providers a third party relies on to serve it. This article defines fourth-party and nth-party risk, sets out what US banking guidance, DORA and the EBA expect, and explains how to detect fourth parties, monitor subcontractors and manage concentration risk.

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Questionnaire-Based vs Evidence-Based Third-Party Risk Management (TPRM)

Questionnaire-based third-party risk management (TPRM) judges a supplier by what it says about its own controls, and evidence-based TPRM judges it by what can be checked. This article compares the two, shows what US and EU regulators expect, and sets out how to combine questionnaire answers with outside telemetry and control evidence.

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What Is an Assurance Gap, and How Do You Measure It?

An assurance gap is the time, or the set of controls, for which an organization has no current evidence that a control still operates as expected. This article shows how to measure it in controls and in days, what causes it in mature programs, how design and operating effectiveness relate to it, why stale evidence misleads, and how a Continuous Control Assurance (CCA) program reports it to executives.

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Title banner reading Era of Automated Security Risk and Posture Management with the DigitalXForce logo beside a hand holding connected user icons and a report

Era of Automated Security Risk and Posture Management

Title banner reading Era of Automated Third Party Risk Management with Trust but Verify, with the DigitalXForce logo beside a hand holding connected user icons and a report

Era of Automated Third Party Risk Management: Trust but Verify

Title banner reading Era of Automated Security Plans, Standards, Policies and Procedures, with the DigitalXForce logo beside a hand holding connected user icons and a report

Era of Automated Security Plans, Standards, Policies and Procedures