Every organization has its own unique needs, which is why a one-size-fits-all approach is not effective for third-party risk management (TPRM).
DigiFortex provides customized TPRM solutions that are seamlessly integrated into your daily operations, while ensuring compliance with industry standards and regulatory expectations. We focus on identifying cost-saving opportunities, improving process efficiency, and addressing the most pressing risks to your business.
A well-implemented TPRM program delivers value by helping leadership gain a clear understanding of how third parties impact profitability, efficiency, and compliance, while also strengthening your organization’s ability to adapt to unforeseen challenges.
For regulated industries, we ensure compliance, and for non-regulated sectors, we work to boost profitability, helping you manage third-party risks effectively.
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What is Third-Party Risk Management?
Third-Party Risk Management (TPRM) is the process of identifying, assessing, monitoring, and mitigating risks that arise from external partners, vendors, suppliers, or any third parties that interact with your organization. This includes evaluating the potential risks to your business in areas such as cybersecurity, compliance, financial stability, and operational effectiveness. TPRM ensures that third-party relationships do not compromise the security, privacy, or regulatory compliance of your organization. By actively managing these risks, organizations can safeguard their operations, protect sensitive data, and ensure that external parties meet required standards for reliability and security.
Our approach
Procurement and Third-Party Risk Management (TPRM) should be seamlessly integrated throughout their entire lifecycle to improve visibility, efficiency, risk management, and cost control. Each phase of the TPRM lifecycle plays a crucial role in identifying the right partners to support business growth and customer success. DigiFortex offers a comprehensive solution for financial, IT, compliance, and operational due diligence. Transactions that undergo thorough due diligence are more likely to succeed, allowing you to realize their full value.
Planning: Effective TPRM begins with strong alignment to business strategies and the value creation process.
Due Diligence & Third-Party Selection: Risk assessment, due diligence, and third-party selection should be coordinated, risk-focused, and aimed at making value-driven business decisions.
Contract Management: Contract management should be guided by due diligence findings, resulting in agreements that align with business goals and provide proper risk mitigation.
Monitoring and Management: Robust contracts ensure accountability in oversight, setting clear expectations for all parties involved to maintain a successful relationship.
Why DigiFortex?
DigiFortex offers specialized Third-Party Risk Management (TPRM) services that include comprehensive risk assessments, vendor due diligence, compliance verification, and continuous monitoring. As a CERT-In empaneled and globally recognized cybersecurity firm, we provide robust solutions to ensure your third-party relationships meet industry standards and regulatory requirements. Our services are designed to help organizations identify, manage, and mitigate risks associated with external partners, ensuring security, compliance, and operational efficiency.
As a CERT-In empaneled and ISO 27001:2022 certified organization, DigiFortex is globally recognized in providing Information Security consulting. Our team started McAfee in India and holds 17 US patents.
Our team is composed of globally certified experts, including ISO 27001 Lead Auditors for Information Security, Certified Information Privacy Professionals for Europe (CIPP/E) from the International Association of Privacy Professionals (IAPP), DSCI Certified Privacy Lead Assessors (DCPLA), CCSA, CISM, CISA, ISO 27001 LA, CEH, CRTP and more. Backed by diverse industry experience, our professionals provide comprehensive security and privacy solutions tailored to meet the highest standards.
A small glimpse of DigiFortex’s globally recognized work
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Completed the Prepaid Payment Instrument (PPI) audit for Amazon Pay, which included:
- IS Audit (Information System Audit)
- V-KYC (Video-based Know Your Customer)
- VAPT (Vulnerability Assessment and Penetration Testing)
- SAR (Security Assessment Report)
- RBI Data Localization compliance
- Conducted security assessments for the #1 U.S. financial institution, covering 17 of their websites across 17 countries.
- Performed a comprehensive Cloud Security Assessment for HDFC Bank.
- Provided IT audit services for the integration of HDFC’s system with the Government of India’s Solar Energy Corporation of India (SECI).
- Selected by Indian Bank to conduct a full security assessment of their data centers in Chennai and Mumbai.
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