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Leveraging SOC Reports for Effective Third-Party Risk Management

Integrating SOC Reports into TPRM programs can help organizations better manage third-party risks.

Introduction

Are you leveraging SOC Reports to their full potential in your TPRM program?

Organizations today depend on third-party vendors for essential services and infrastructure, which boosts efficiency but also heightens the risks of data breaches and operational disruptions. As these incidents continue to rise, prioritizing Third-Party Risk Management (TPRM) is important to help protect sensitive information and ensure business continuity.

System and Organization Controls (SOC) Reports are an effective tool for assessing and mitigating third-party risks. In our premium FORsights™ guide, “Leveraging SOC Reports for Effective Third-Party Risk Management,” we explore how your organization can integrate SOC Reports into its TPRM program to help enhance your risk management capabilities and promote vendor accountability.

Key Highlights:

  • Learn about the specific components found within SOC Reports to effectively evaluate third-party risks and gain detailed insights into vendor controls for assessing data security and operational performance, and
  • Explore how to effectively integrate SOC Reports into various stages of the TPRM program, from governance and oversight to lifecycle management and automation technology.

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