Posted on Mar 2, 2020
Trust is essential in every good business partnership, but knowing whether your vendors merit that trust can be difficult. With the recent boost in information technology (IT) services, the avenues for which trust can be broken, either intentionally or unintentionally, have increased.
One way to ensure that information technology service providers are abiding by appropriate security practices so your company can weigh the risk of entrusting them with its critical data is through vendor security assessment questionnaires. However, as more information security questionnaires are being introduced to the market, it can be a challenge for a business to decide what vendor assessment structure to utilize, at which time, and for what vendor.
At SecurityScorecard, protecting your organization’s vulnerabilities and security gaps is our job and passion. That’s why we’ve compiled this list of the top six questionnaires to use to guarantee your company’s data is protected.
Here are six of the top questionnaires for IT vendor assessments:
The Center for Internet Security (CIS) is a pioneering, not-for-profit entity that uses the power of a worldwide IT community to ensure that private and public organizations are safe from cyber threats.
The Center for Internet Security offers 20 controls to provide guidelines for how to adequately address security systems and the flow of sensitive data when warding off cybersecurity threats. Since the CIS controls are rooted in a deep understanding of the cyber-attacks lifecycle, they thoroughly address the most common indications of these dangers and how to accordingly adjust combative processes.
The CIS Controls offers more than 150 questions mapped to incorporate a widely-recognized set of cybersecurity standards.
The National Institute of Standards and Technology (NIST) uses realistic privacy and cybersecurity through the outreach and implementation of standards and best practices that are necessary for the United States to adopt cybersecurity competence.
The NIST Special Publication 800-53 is a list of guidelines and standards to help federal agencies and contractors meet the requirements set by the Federal Information Security Management Act (FISMA). Their objective is to provide a holistic approach to risk management and cybersecurity by offering organizations with a wide range of security controls to vastly strengthen their information systems and the environments in which those systems operate.
Founded in 2006 by the five top credit card providers, including Mastercard, Visa, Discover, Amex and JCB International, the PCI Security Standards Council (PCI SSC) is a global forum that unifies payments industry stakeholders to develop and drive the adoption of data security resources and standards for safe payments all over the world. Their standards were created to increase controls around credit card holder data to decrease credit card fraud.
The Shared Assessments Program is “the trusted source for third party risk management.” They offer organizations with a breadth of resources, tools, and best practices to efficiently manage the important components of the vendor risk management lifecycle.
Their SIG questionnaire is a holistic tool for risk management assessments of IT, cybersecurity, data security, business resiliency, and privacy in an IT environment.
The Vendor Security Alliance (VSA) is a non-profit that is dedicated to improving general internet security and vendor-related cyber threats. A coalition of companies, they recognize the criticality of community and the need for widespread awareness in combating these ever-evolving digital threats.
The Vendor Security Alliance Questionnaire (VSAQ) was first published in 2016 to help companies vet their supplier’s security practices. It is made up of six sections and addresses security policy, data protection, reactive security measures, compliance, and supply chain management. Their questionnaire was created with the vendor in mind and focuses on eliminating unnecessary friction during the security review procedure.
The General Data Protection Regulation is a regulation in European law on data protection and privacy. Their vendor questionnaire was created to help businesses ensure that their cloud suppliers will be compliant and process data in a compliant method.
The traditional IT vendor questionnaire process can be arduous, even when utilizing one of the frameworks discussed above. Fortunately, SecurityScorecard Atlas can help accelerate and modernize this process by enabling senders and receivers to easily manage, complete, and review questionnaires and evidence in one secure central repository.
Vendor management is the process an organization utilizes to assess and manage a third- or fourth-party vendor. Learn how SecurityScorecard can help.
Performing cybersecurity risk assessments is a key part of any organization’s information security management program. Read our guide.
Templates and vendor evaluations are needed to level that playing field, in a time efficient and fair way, so that the best vendors are chosen.
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