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TPRM

Third Party Risk Management – Stay Ahead of Supplier Risks

Third Party Risk Management (TPRM) involves identifying, assessing, and managing risks associated with external vendors, partners, and other third-party entities. In today’s cloud-driven, hyper-connected world, it’s increasingly important not only to secure your own IT environment – but also to understand and control the risks that arise from your broader ecosystem of external parties.

Third Party Risk Management

Why is TPRM important?

According to a recent report by Radar, third-party risks are among the fastest-growing threats facing Swedish organizations. Many companies lack visibility into their suppliers’ cybersecurity, leaving them vulnerable to attacks that exploit weak links in the supply chain.

At the same time, regulatory requirements are tightening both nationally and across the EU. For example, the NIS2 Directive and DORA require organizations to demonstrate how they manage risks related to external IT providers. Inadequate third party risk management can therefore lead not only to security incidents but also to compliance issues and potential sanctions.

How we make a difference

The solution

In collaboration with our partner SAFE, we provide an AI-powered TPRM solution that enables comprehensive oversight of supplier risks. The platform integrates automated security assessments, financial risk evaluations, and continuous monitoring across your entire supplier ecosystem.

This helps you avoid the time-consuming, complex, and manual processes often used today.

Key benefits:
  • Risk-based prioritization of suppliers based on actual financial impact
  • Automated collection and analysis of security data – from both suppliers and your own controls
  • A unified platform to manage both third-party risks and risks within your own operations
  • Support for NIS2, DORA, and other regulatory requirements
  • Predictable costs with an unlimited number of suppliers included

You would avoid manual processes and one-off efforts. Instead, you would gain a scalable, transparent, and business-critical solution that enables continuous evaluation of all your suppliers. Fully automated.

get in touch

Have questions? Want to chat with us to see if we’re the right fit for your needs, or ready to schedule a demo?

Cybersecurity Sales Manager

Erik Säfvestad

erik.safvestad@nexergroup.com
+46761335007