The thinking behind The Agency.
Insights and analysis on third-party risk management, vendor security, regulatory compliance, and the agentic shift reshaping how TPRM teams actually work.
From the team.
Risk ManagementWhat are the 5 steps in operational security?
Operational Security (OPSEC) is a five-step risk management process designed to protect sensitive data by viewing operations from an adversary’s perspective. The five steps include: identifying sensitive data, identifying potential threats, analyzing vulnerabilities, assessing risks, and implementing countermeasures. OPSEC is essential for minimizing risk exposure, especially when supported by best practices such as AAA authentication, dual control, automation, and disaster recovery planning. RiskXchange helps businesses implement strong operational security through continuous risk monitoring, digital risk protection, and third-party risk management.
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CybersecurityWhat is cyber risk modeling
Cyber risk modeling is a data-driven method used to identify, assess, and quantify the financial impact of cyber threats on a company. Unlike traditional qualitative approaches, it translates technical risks into business language, enabling better decision-making and securing stakeholder buy-in. By integrating real-time threat intelligence, historical data, and cybersecurity trends, organizations can prioritize threats, allocate resources more effectively, and strengthen their risk mitigation strategies. RiskXchange offers cyber risk assessments that help organizations understand and manage their risk exposure.
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Risk ManagementNew vendor risk assessment with SIG questionnaire in 2022
The 2022 SIG questionnaire offers updated tools to streamline third-party risk assessments. Developed by Shared Assessments, the SIG Lite and Core versions provide flexible, control-focused evaluations mapped to major regulations and security standards. Enhancements include reduced questions, new domain categories like ESG and fourth-party risk, and expanded regulatory mappings. RiskXchange leverages these assessments to provide real-time visibility, passive data insights, and automated risk ratings—enabling businesses to manage third-party risk efficiently and proactively.
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CybersecurityAll you need to know about leveraging a cybersecurity risk taxonomy
A cybersecurity risk taxonomy helps organisations identify, categorise, and communicate cyber threats more effectively. It focuses on five key areas: internal network risks, employee-generated risks, social engineering attacks, cloud-based threats, and third-party risks. With a clear taxonomy, businesses can better prioritise cybersecurity efforts, improve decision-making, and enhance resilience. RiskXchange supports this approach through real-time monitoring, continuous risk ratings, and strategic insights to stay ahead of evolving threats.
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Risk ManagementThird Party Risk Management in the context of GDPR
Third-party risk management is essential for maintaining GDPR compliance. Organisations must ensure vendors handle personal data securely through due diligence, risk assessments, contract controls, and continuous compliance monitoring. Key focus areas include data minimisation, access limitations, and third-party audit rights. Real-world breaches, like the Target incident, show how weak vendor controls can expose sensitive data. RiskXchange supports businesses by providing instant cyber risk ratings and helping maintain GDPR-aligned third-party assurance.
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CybersecurityWhat are information security standards?
Information security standards like ISO 27001, ISO 27002, NIST, GDPR, and PCI DSS provide frameworks for protecting data, managing cyber risks, and ensuring regulatory compliance. They help organizations implement best practices, reduce vulnerabilities, and build trust with clients and partners. Failing to meet these standards can lead to data breaches, legal penalties, and reputational damage. Choosing the right standards depends on your industry, operations, and risk exposure.
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