Use Case: Automated Third-Party Risk Assessment (TPRA) for All Regulated Industries

Overview

Cybervergent is a comprehensive solution designed to enhance security, compliance, risk, and privacy management for organisations. 

The platform operates across cloud and on-prem environments and integrates with existing infrastructure, APIs, logging systems and security operations workflows. 

For financial institutions and fintechs, Cybervergent provides continuous protection and governance so sensitive customer data and transaction systems remain secure, auditable and resilient.

The Challenge

Regulated organizations struggle to manage their growing network of third-party vendors (e.g., cloud providers, software suppliers, logistics partners). Traditional, manual risk assessment processes are slow, inconsistent, and lack the continuous visibility needed to track evolving threats from the supply chain.

Across all regulated industries, including Healthcare (PHI), Telecommunications (Customer Data), and Retail (Payment Systems), adherence to evolving data privacy regulations (e.g., NDPA, GDPR) and industry standards (e.g., ISO 27001, SOC 2) is non-negotiable. Third-party failures are now a leading cause of major breaches. 

A manual approach exposes the organization to potentially catastrophic risks, including data breaches, hefty regulatory fines, and reputational damage. The slow, inefficient due diligence process also slows down the onboarding of essential vendors, thus hindering operational agility and growth.

The Solution

Automated Vendor Due Diligence: Automating the assessment of potential vendors’ security, financial, and operational health, accelerating the onboarding process while maintaining robust security checks.

Continuous Risk Monitoring: Moving beyond one-time assessments to continuously track vendor risk status and emerging threats across the entire supply chain in real-time.

Improved Regulatory Compliance: Ensuring adherence to evolving data privacy regulations (e.g., NDPA) and industry standards (e.g., ISO 27001, SOC 2), thereby avoiding fines and legal repercussions.

Enhanced Security Posture: Proactively identifying and remediating security vulnerabilities introduced by third parties, preventing data breaches and cyberattacks before they occur.

The Results

By implementing Cybervergent RPM, organizations can transform their vendor risk management into a proactive and scalable function. They also gain real-time risk insights and clear accountability, empowering decision-makers to address high-priority supply chain risks immediately. This ensures continuous alignment with global standards and significantly reduces the likelihood of incidents caused by third parties. The overall result was an enhanced business resilience and improved enterprise trust and compliance across all regulated business units.