Tier 1 Cyber Arms Customers with OneTrust Vendorpedia to Tackle CMMC Supply Chain Operations
Tier 1 Cyber Arms Customers with OneTrust Vendorpedia to Tackle CMMC Supply Chain OperationsDOWNLOAD PDF
Tier 1 Cyber Arms Customers with OneTrust Vendorpedia to Tackle CMMC Supply Chain Operations
Tier 1 Cyber, an Alexandria, Virginia-based consulting and IT services firm, was founded to bring the expertise gained from protecting the nation’s most vital intelligence and military assets to the commercial sector. The company’s mission is to deliver world-class cybersecurity services to small and mid-size businesses that require advanced data protection.
As a trusted consultancy with 20+ years of team experience supporting clients in implementing, refining, and auditing Defense Federal Acquisition Regulation Supplement (DFARS), National Institute of Standards and Technology (NIST), and related standards, Tier 1 Cyber was tasked with helping clients prepare for the Department of Defense’s (DoD) Cybersecurity Maturity Model Certification (CMMC).
Closing Ranks on a New Cybersecurity Standard
The CMMC was created by the DoD because the Pentagon identified the cybersecurity of its supply chain as a risk to the economy and national security. To combat the threat, all companies doing business with the DoD (over 300,000) are required to become CMMC certified.
In order to compete for and win new contracts, our DoD clients must become certified under CMMC. As part of this new requirement, our clients will have to ensure that their supply chain, which includes (1) vendors that support business processes and (2) subcontractors, are all CMMC certified.
Before the CMMC goes into effect, the Tier 1 Cyber team is setting up workstreams to ensure their clients have a good a baseline level of risk management and compliance in place. Tier 1 Cyber quickly realized the need for a technology solution to automate operations and serve as a central repository for client’s supply chain data.
Partnering with OneTrust Vendorpedia on the Front Lines of CMMC
To support their client’s CMMC efforts at scale, Tier 1 Cyber partnered with OneTrust Vendorpedia, using the third-party risk management platform to streamline and automate third-party risk assessment and due diligence.
Vendorpedia allows Tier 1 Cyber, and their clients, to evaluate the cybersecurity preparedness of the supply chain. With Vendorpedia, Tier 1 Cyber is able to evaluate a supplier’s CMMC process and practice maturity, mitigate associated risks, add business context to supplier risks, manage key contract terms, access pre-populated research via Vendorpedia’s Global Risk Exchange, monitor supplier risk and performance, and ultimately save money and reallocate resources.
Tier 1 Cyber leverages Vendorpedia as part of a CMMC evaluation and management program for vendors and subcontractors. Specifically to:
1. Create customized vendor and subcontractor evaluation program for DoD contractor with prioritization of vendors by criticality;
2. Support onsite verification of subcontractor’s compliance with CMMC (the onsite verification is a differentiator and a key element to the verification process);
3. Evaluate vendors, flag any issues, and guide CMMC evaluation of vendors;
4. Report findings and work with DoD contractor, vendors, and subcontractors to remediate any deficiencies; and
5. Grade vendors and subcontractors preparedness against each other and track compliance for DoD contractor so it can rest assured that the vendor is CMMC compliant and can be bid on contracts.
Vendorpedia allows Tier 1 Cyber to independently verify many CMMC compliance requirements without having to perform a full assessment of vendors that support corporate business processes. As such, Vendorpedia increases efficiency, and greatly reduces costs of evaluating the vendors.
Leveraging an Elite Technology Solution for CMMC and Beyond
Companies are prioritizing the evaluation of their key contractors and looking for tools and programs to independently verify their vendors and subcontractors in an efficient and non-intrusive manner. Combining the Vendorpedia platform with a Tier 1 Cyber CMMC vendor and subcontractor verification program has proved to be an ideal combination to ensure CMMC compliance of the entire supply chain.
As Tier 1 Cyber continues to support CMMC operations, they have their sights set on implementing OneTrust GRC, an integrated risk management solution to identify, track, remediate, and monitor risk across IT infrastructures, vendor relationships and operations for a complete enterprise view of risk across a business’s profile.
Vendorpedia has been a force multiplier for Tier 1 Cyber clients, and to say that it has utility is an understatement. Tier 1 Cyber looks forward to a continued partnership with OneTrust Vendorpedia and will continue to utilize the solution in CMMC client engagements and beyond.
To learn more about how OneTrust Vendorpedia helps with the Department of Defense’s CMMC, visit our frameworks page.
Today, outsourcing operations to third parties is no longer the exception – it’s the expectation. However, trust between you and your third parties is difficult to establish, and perhaps even harder to maintain. With ransomware on the rise and supply chain resilience at the forefront, businesses must work closely with their third parties to understand if they have adequate safeguards and policies in place to defend against disruptions.
Conversely, nearly every modern organization is a “third party” to another business, whether as a software vendor or service provider. As a result, businesses must routinely demonstrate to customers that they are a trusted organization. Failure to do so can hurt a company’s bottom line.
There are challenges to every business relationship, from both the buyer and the seller. So, how can we work together to establish mutual trust? In this panel webinar, you’ll hear from professionals on both sides of the equation as they discuss long-term strategies and short-term tactics to work better together. Panelists will answer the following questions:
- How can businesses and vendors work together to streamline risk assessments?
- What can buyers do to make life easier for sellers and vice versa?
- Where are opportunities for automation that can save time for both sides?
- How can we enable each other to build a stronger business relationship and reduce risk?
Over the past several months, OneTrust has released major enhancements to our Trust Suite for Vendors. This Suite is a collection of products and functionalities that help companies like yours manage and automatically respond to security and privacy questionnaires as well as other requests for compliance information.
As part of these significant enhancements, we wanted to bring together a select group of individuals to talk through the latest updates, explain the value they provide, and outline how this new functionality will work in practice. During the discussion, we will also share a number of exciting capabilities slated to be released this quarter – and in 2022.
Join this exclusive VIP roadmap event to see the immediate and long-term vision for:
- Questionnaire Response Automation – for organizing questionnaire requests and streamlining response workflows
- AI Autocomplete – for automatically answering questionnaires with saved answers
- Trust Profile – for centralizing security documentation and securely sharing it with your customer base
- Vendorpedia Exchange Community – for promoting your security program to thousands of OneTrust customers
As third parties gain more access to sensitive client data, organizations need to prioritize holistic information gathering and the instillment of security practices across the vendor ecosystem. The best way for an organization to achieve a holistic understanding of its vendor ecosystem is to gather information from its vendors and organize it in one central location. As a vendor, this means you will receive (and likely already have) dozens of security questionnaires. So, how should you approach them?
Questionnaires streamline the process of data gathering and allow customers to make sure that the various parts of their vendor ecosystem comply with industry-relevant regulatory frameworks. Dive into our eBook to learn how to streamline your answering process to save time and money. In the guide, you will learn:
- What a security questionnaire answering process look like
- How to automate responses
- Best practices for answering a security questionnaire
- Why organizations send security questionnaires to vendors?
- Understanding how you will be evaluated
- Common security questionnaire obstacles
How vulnerable are your third parties are when it comes to the most common and emerging cybersecurity threats? Do you know if those third parties have the right cybersecurity controls in place? Do you know how to identify which third parties put your organizations at risk – and how to mitigate those risks before they impact your bottom line?
InfoSec teams are facing larger and more sophisticated cybersecurity threats than ever before. In the last year, there has been a 62% global attack spike (158% increase in North American attacks alone) in ransomware, and an increased focus on attacks by regulatory bodies. Teams not only have to track vulnerabilities within their internal security posture but also ensure that their prospective third parties are vetted before engaging in business. In addition, these threats are leading to new regulatory requirements as well as critical changes to common industry standards and frameworks.
In this webinar panel, you’ll learn the following from our Head of CISO Center of Excellence (CoE), Justin Henkel, and our Director of InfoSec, Chris Burgess.
- The most common and emerging cybersecurity threats against your third parties
- The metrics to track in relation to third parties and their cybersecurity risks
- How to protect your business from cybersecurity threats associated with your vendors
- How to future-proof your TPRM program to defend against future cybersecurity threats