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Third Party Risk Management - Consultancy, Assessment & Advisory

BitSight Security Ratings Managed Services

Launch, Grow & Optimise your BitSight Security Ratings TPRM implementation

As a skilled resource and experienced Managed Service Provider (MSP) DVV Solutions provides a variety of managed services for BitSight Third Party Risk Management (TPRM) Security Ratings.

By developing a service built around your TPRM framework and configured to your specific risk profile we deliver more effective management and utilisation of your BitSight risk data and generate recognisable value in terms of risk assurance, remediation and regulatory compliance.

Our BitSight Managed Services cover a range of Consultancy and “TPRM-as a service” propositions to support your entire Third Party risk framework, including:

TPRM Program & Framework Design

We build sustainable, standards-based programs of Third-Party risk assurance and regulatory compliance for clients that can integrate or be exclusively built around BitSight TPRM Security Ratings services, covering:

  • Risk Appetite & Tolerances
  • Supplier Selection & Categorisation
  • Risk Tiering & Domains
  • Risk Register
  • Due Diligence Requirements
  • Risk Metrics & Reporting
  • Roles & Responsibilities
  • Program Resource Requirements & Costing

BitSight Security Ratings Managed Service (TPRM-as-a-service)

We deliver curated feeds of BitSight TPRM risk data and alerts, managed on your behalf, incorporating:

  • Management of BitSight security ratings and risk alerts for your Third Parties and suppliers
  • Aggregation and filtering of risk alerts to ensure the timely delivery and management of findings
  • Regular review and reporting of the findings and risks identified (e.g. KRIs & KPIs)
  • Scalability to allow additional Third Parties and services to be incorporated in a cost-effective manner
  • Ongoing program of improvement in your utilisation of BitSight security ratings and risk alerts
  • Simple and effective expansion into the management of downstream supplier and 4th Party risks

Third Party Risk Remediation & Advisory

Our IT Security Assurance Consultants provide professional and practical support in the ongoing identification and management of risk and remediation within the Third-Party supply chain, including:

  • Validation of risks and changes generated from BitSight Security Ratings and alerts with each Third-Party
  • Management of compensating controls / remedial actions with selected Third-Parties and
    administration of your Risk Register
  • Support and advice on risk management best-practice and regulatory requirements
  • Regular review and reporting of remediation action plans

Who can benefit from DVV Solutions BitSight Managed Services?

  • Risk owners looking to be more effective or expand their use of BitSight Security Ratings
  • Organisations who wish to fully outsource the day-to-day management of their BitSight TPRM ratings
  • Risk owners who need services and support to build and execute their new TPRM program
  • Organisations with limited resource/capacity to consume, analyse and manage their BitSight ratings
  • Risk owners looking to quickly mature their TPRM programs and processes
  • Organisations lacking the necessary skills to consume large volumes of BitSight Security Ratings

Improve your Return on Investment in BitSight

Removing “white noise” in feeds and alerts and generating more value from existing BitSight TPRM licences

Make BitSight an more Valuable part of your TPRM Program

Embedding BitSight Security Ratings further within your Enterprise Risk Management framework

Greater Scalability and Efficiency of your Risk Assurance

Making internal resources more efficient and opening up resource to expand your TPRM program

 

Kick-start your BitSight TPRM today

With over 20 years IT GRC experience we are a specialist Cybersecurity and Third-Party Risk Management MSP delivering our TPRM managed services across Europe and EMEA.

Call today 0161 476 8700

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Why choose us?

We are specialists in Third Party Risk Management with over 20 years of experience in Cyber Security and Governance, Risk & Compliance and a dedicated team of experienced IT Security Assurance Consultants.
We are a vendor agnostic, managed service provider that is able to focus on delivering a TPRM program built around your specific risk-based, organisational and regulatory requirements.
We are a Shared Assessments Program member and recognised Assessment Firm with certified IT Security Assurance Consultants able to deliver a comprehensive service based on industry standards and best practice.