Assessing the compliance level of your vendors is important for third-party risk management
Knowing the cyber security maturity level by assessing compliance levels is a key component in reducing third-party risks. NormShield’s standards-based approach makes it easy to estimate and assess compliance levels of third parties.
Questionnaire & Compliance Correlation
NormShield® correlates cyber risk findings to industry standards and best practices. The classification allows you to measure the compliance level of any company for different regulations and standards including NIST 800-53, ISO27001, PCI-DSS, HIPAA, GDPR, and Shared Assessments.
Easy to share and vendor-friendly
Share the compliance control items/questions with vendors by directly inviting them to the NormShield® platform. Vendors can then fill out the control items/questions of any regulations they are familiar with. NormShield® can map the answers to other regulations and frameworks available in the system. Vendors do not have to answer questions for each organization separately.
Evidence-based Compliance Check
If a third party is compliant with any regulation or framework, the vendor can then upload evidence documents to the NormShield® platform. NormShield’s advanced AI algorithm estimates the compliance level for the other regulations/frameworks based on compliance with one.
Receive a free cyber risk rating and discuss how to improve your third-party risk management process with one of our experienced analysts.