Third Party Risk Management - Consultancy, Assessment & Advisory

Public Sector (Government)

Ensuring the integrity and security of outsourced IT models for national and local Government bodies.

The need for Third Party Risk Management in the public sector

The public sector handles some of the most private and sensitive personal data, and citizens have the right to expect that information will be looked after safely and securely. But targeted breaches and data loss incidents are becoming more common

Government bodies increasingly rely on suppliers and other third-parties to facilitate billing, data management and infrastructure, and other critical services, handling and processing sensitive Personally Identifiable Information (PII) including National Insurance, electoral role and financial records.

With the volume of electronic data traveling across these third-parties, Governments bodies are facing unprecedented risk.
That why DVV Solutions has developed a range of services and solutions to deliver more effective and efficient Third Party Risk Management for national and local public sector organisations.

Third Party risk and regulatory compliance converge

Studies have found that organised crime is increasingly targeting public sector organisations because the personal records held are typically worth more, with high levels of personal and financial data stored. The top findings of the 2017 Vendor Risk Management Benchmark Study conducted with Shared Assessments reveal that current third-party risk management practices cross-industry are vulnerable and lacking in governance, policies, standards, and procedures.

The legal framework governing the use of PII data is complex. It includes the Health and Social Care Act 2012, the Data Protection Act, EU GDPR and the Human Rights Act. However, one thing remains constant – the need to ensure you have performed the highest level of due diligence and IT risk assessment when selecting and working with any Third Party supplier.

You're only as Strong as your Weakest Link

DVV Solutions enables local and national Government bodies other public sector institutions to apply consistent risk-based Third Party risk management processes to assess and manage the ongoing risks and threats posed by all Third Parties through:

Simplification – enabling greater efficiency in the management of high volumes of supplier risk assessments

Automation – creating standardised process for assessments and risk management through a simple user interface

Scalability – increasing the number, quality and speed of assessments you can manage

Utilising Shared Assessments’ best-practice workflows and assessment standards, our services and platforms allows financial institutions to comply with Third Party regulations – including the Data Protection Act, GDPR and PCI DSS 3.2 – which all require public bodies to manage the risks associated with outsourced IT and data service providers and the use of sensitive personally identifiable information (PII) data.

Taking the Pain out of the Third Party Risk Assessment Process

With over 15 years’ experience in IT Security, Risk and Assurance DVV Solutions has the technology, process, and people necessary to deliver the highest standard of Third-Party risk assessments geared specifically for Public Sector bodies and their unique organisational and regulatory challenges.

Our SupplierAssess managed service provides robust on-site and remote Third-Party risk assessments and real-time supplier threat intelligence that can supplement or substitute your existing third-party risk assessment efforts. SupplierAssess will help you truly understand your Third-Party supplier risk, remediate inefficient controls and better protect your organisation.

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