OUR APPROACH

Our team of experts work hand-in-hand with you to manage your vendor portfolio and realize vendor risk reduction at scale.

What You Can Expect Working With CORL

  • Daily interaction
  • Weekly status calls
  • Quarterly executive reviews
  • High-touch engagement
  • Dedication to customer service and quality
Vendor Risk Management

CORL’S ASSESSMENT PROCESS GETS RESULTS

Vendor Risk Management

OUR EXPERT TEAM DELIVERS QUALITY AND SCALES YOUR PROGRAM

workflow
1.
Research Team
  • Research Vendor Security Information
  • Monitor Vendors for Security Posture Changes
  • Analyze Data for Industry Trends
2.
Client Team
  • Understand Risk to Client
  • Present Risk Management Strategy
  • Manage Outcomes and Deliver Results
3.
Audit Team
  • Audit Evidence Against Standards
  • Analyze Vendor and Product Security
4.
Quality Team
  • Measure and Monitor Against SLAs
  • Perform Quality Review
  • Ensure VRM Process Integrity
5.
PMO Team
  • Track Remediation
  • Support Process & Client
  • Communicate with Vendor & Teams

OUR WORKFLOW ENGINE INTEGRATES WITH YOUR PROCESSES AND TOOLS
TO SUPERCHARGE YOUR PROGRAM

Vendor Risk Management
PRIORITIZED ASSESSMENTS BASED ON RISK
  • Tier vendors based on risk
  • Use risk to determine assessment frequency and scopes
STREAMLINE ASSESSMENTS
  • Determine extent and timing of assessments
  • Focus assessment where assurance is required
  • Don't gather data for data's sake
FACILITATE PRODUCTIVE VENDOR DIALOGUE
  • Objective and data driven results
  • Benchmark formation
MAKE STRATEGIC DECISIONS
  • Data to determine trends and patterns amongst vendor practices
  • Strategic remediation strategy versus vendor by vendor designed remediation
MONITOR CHANGES IN RISK
  • Proactively identify changes to vendor risk posture
HOLD VENDORS ACCOUNTABLE
  • Documented commitments
  • Assurance that commitments are met
COMMUNICATE EFFECTIVELY
  • Risk posture and remediation process
  • Business stakeholder, executive management and board level reporting

DASHBOARD REPORTING TO SUPPORT DECISIONS
AND COMMUNICATION WITH THE BUSINESS

Vendor Risk Management Services
Vendor Risk Management Services
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The high value portion of the CORL VRM program is the follow through to completion. We didn’t have the time or resources to dig deep into the issues found. I see value in the CORL's organized approach: listing out remediation items; communicating with our vendors; then following-up with our vendors to dig into compensating controls, evidence of policy, etc.

– Senior Risk and Compliance Manager
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CORL is extremely valuable because a) you provide a service we would have a hard time doing ourselves as a small shop. You are an FTE augmentation, and I consider you my employees working on my behalf, so CORL becomes my team of ~100 people, and b) the CORL methodology and the thoroughness is very much in tune with my background in the financial services industry, where I built third-party assessment programs.

– Chief Information Security Officer
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CORL is a ‘force multiplier’ for our InfoSec Program. It is not possible for us to accomplish at this level, with this amount of efficiency, on our own. Even if we had an FTE... It would take a year or more, where CORL can do it in a month. We cannot reproduce this in-house.

– Information Security Leader