3GRC simplifies 3rd Party Due Diligence
Date: Mar 6, 2017
Finance and Legal institutions play a significant role in ensuring corporate services are not used to further criminal activities, while also meeting best practice for third party risk management.
However pressure is now increasing with GDPR, sophisticated cyber security risks, and the challenge to maintain compliance with both the the Modern Slavery Act and Money Laundering Regulations 2007 –Third Directive.
Centralised Risk Manager Hub
3GRC Risk Manager provides a centralised hub that enables Legal institutions to standardise and simplify third party due diligence and ongoing monitoring.
3GRC Risk Manager is pre-populated with a number of template surveys and risks that include Money Laundering, GDPR, and the Modern Slavery Act to name a few, making it easier for legal firms to meet their Third Party Due Diligence and Regulatory requirements.
The GDPR surveys focus on the GDPR Articles, combined with Data Mapping surveys, can assist organisations in identifying their current posture and compliance with GDPR, highlighting what steps are required to ensure compliance with the GDPR prior to May 2018.
Supplementing this process, Infosec Cloud provides a range of GDPR consultancy services.