SAFE One third-party cyber risk management

Reimagine third-party cyber risk management with Safe One platform

In today’s extended enterprise model, there could be thousands of third parties that interact with your data, access your IT environment, or provide critical services to keep your activities running on a daily basis. As a CISO, understanding the impact of these interactions and where to prioritize resources is crucial for an effective third-party cyber risk program. SAFE One Third-Party Cyber Risk Management rapidly strengthens your defenses against 3rd party cyber incidents via automation and risk-based prioritization.

third-party cyber risk management platform

Challenges of Third-Party Cyber Risk Management

Managing third-party cyber risks is more than an initial onboarding questionnaire. As the threat landscape continues to evolve, your approach to managing cyber risk must adapt accordingly. It is possible to build an agile, defensible, and strategic TPCRM program once you move beyond scoring. 

Using just a questionnaire and scoring approach these requirements are impossible to implement at scale. Using SAFE One TPCRM it is possible to move to a true quantitative risk-based approach and address these challenges.

What third parties represent the highest risk?
Can you scale as new third parties are added?
Do any third-party risk scenarios represent a high probability of material impact?
What first and third-party controls will reduce your risk exposure to third-party incidents?
How can we measure the influence of control performance on a third-party risk scenario?
How can I build a defendable TPRM model to meet compliance requirements such as DORA and NIS2? 
SAFE One Third-Party Cyber Risk Management

Data-Driven Third-Party Cyber Risk Management

The SAFE One Third-Party Cyber Risk module delivers actionable insights, with risk-based prioritization using a quantitative analysis of your third-party risk landscape. 

Automate information gathering and analysis
  • Automatically generate risk scenarios based on what services each third party provide
  • Choose from an extensive library of control frameworks
  • Use AI technology to ingest third-party provided control information
  • Integrate real time CTI into CRQ-based third-party risk scenarios
  • Continuous control assessments and dynamic risk posture with outside-in and optional API integrations
Triage third party risk

- Understand what third parties represent the highest risk in financial terms

  • Prioritize using defendable risk scenario data and not just a subjective score
  • Allocate resources to treatment plans based on financial impact and likelihood
  • Collaborate with third parties within the platform. Allow third parties to see their risk exposure

Dynamic output
  • Dynamic view of risk using CTI and outside scanning
  • Generate board ready reporting
  • Data-rich dashboards for global picture of third-party risk
  • Ability to enable continuous control performance in real time
  • Scale to 1,000s of scenarios and third parties
SAFE One TPCRM module

Why choose SAFE One Third-Party Cyber Risk Management?

Automated data ingestion and analysis

Integrate and analyze control performance data using AI technology reducing manual effort and increasing accuracy

Collaborative Process

Streamline the onboarding and assessment process by providing your third parties access to their risk profile

FAIR framework

SAFE One is built on the Open FAIR™ framework, a quantitative framework for understanding and analyzing cyber and technology risk in financial terms.

Cyber threat intelligence

The SAFE One Threat Center provides realtime updates on how threat actor capability and activity impact your organization and risk posture.

Continuous control monitoring

Security posture is dynamically updated as controls change with API based integrations.

Integrated cost-benefit analysis

Make informed decisions with assessments that evaluate the financial impact and cost-effectiveness of a security strategy considering both first and third-party controls

Scalable and adaptable

SAFE One TPRM scales with AI-enabled automation adapting to your changing needs and challenges

Unified view of first and third-party risk

SAFE One provides a single view of both first and third-party cyber risk showing how control performance, the threat landscape and your digital asset profile influence risk

Scale your third-party program with SAFE One Third-Party Cyber Risk Management
Talk to an expert

Contact us to schedule a demo or to learn more about integrating SAFE One Third-Party Cyber Risk Management into your third-party risk management strategy

SAFE One First-Party CRQ Platform

Transform your first-party cyber risk management with our platform

SAFE One is a state-of-the-art Cyber Risk Quantification (CRQ) platform based on the FAIR™ standard. The FAIR™ integrated platform enables CISOs to prioritize controls and justify security programs at the speed of business.

Automation
  • Out-of-the-box risk scenarios
  • Ingest control performance data from MITRE ATT&CK using AI technology
  • Generate board-ready reports
Collaboration
  • Measure first-party risk in financial terms for better engagement with business owners
  • Enterprise risk analysis as well as business unit or asset-specific scenarios
  • Share with your third parties their risk exposure and control performance
Communication
  • Create smart risk visualization based on FAIR™
  • Dynamic dashboards and AI-enabled insights
  • Demonstrate control gaps impact on risk leveraging Mitre     ATT&CK
your role

Who do we support with SAFE One Third-Party Cyber Risk Management?

Executive Management
  • Risk-based cyber risk governance and compliance
  • Defensible, data-driven decisions
  • Risk-based resource allocation and partner selection
Learn more
CISO
  • Move beyond scoring to risk-based tiering of 3rd parties
  • AI enabled control assessments
  • Continuous threat intelligence control monitoring
  • Intelligent control prioritization
  • Automate at scale with APIs
Learn more
Risk Professional
  • Data-rich interface
  • +100 integrations for asset discovery, vulnerability assessment and more
  • Telemetry and threat intelligence integrated
  • Support of standard control frameworks
Learn more
SAFE One + FAIR extensions

SAFE One TPRM FAIR™ extension support

The FAIR™ Third Party Assessment Model(FAIR-TAM) enables true data-driven prioritization and risk reduction strategies for TPCRM.  SAFE One Third-Party Risk Management integrates three FAIR™ extensions, FAIR-MAM, FAIR-CAM and FAIR-TAM. These extensions dive deeper into the quantified view of material risk, control effectiveness and third-party risk assessment.

Third-party risk-based prioritization
Comprehensive, continuous monitoring
Actionable Mitigations
Cyber risk quantification for business decisions

C-Risk Success Stories

"State-of-the-art approaches"

C-Risk is a thought leader and ambassador of Cyber Risk Quantification in Europe with a strong influence on the market. The team is working relentlessly on educating organizations and quantifying their top risks with state-of-the-art approaches in order to improve decision-making on (cyber) risks. 

David Steng
Director Cyber Risks & Economics @ Fresenius Group

"I highly recommend C-Risk"

Over the past two years, I have worked with C-Risk on a number of projects, from performing FAIR-based quantitative risk assessments and consulting on Information Security strategy to GDPR/SOX 404 compliance work. C-Risk has a deep understanding of each subject area, in particular the FAIR methodology. They have a flexible approach and are able to scale depending on your needs. I highly recommend C-Risk to anyone seeking risk assessment or information security consulting services.

Markus Kaufmann
C|CISO

Would you like more information about SAFE One?

We look forward to hearing from you.

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FAQ : SAFE One CRQ Platform FAQ

Here are some answers to your commonly asked questions.

How does SAFE One generate quantitative assessments?

The core of the SAFE’s quantitative risk management assessments is the FAIR (Factor Analysis of Information Risk) framework. FAIR is an internationally recognized open standard that decomposes risk into quantifiable components.

How long does it take to deploy SAFE One CRQ platform?

The onboarding process is straightforward. From the first week, you will start experiencing the benefits. And at the close of the fourth week, you will be fully operational. The C-Risk onboarding team can hand you the keys.
C-Risk can also work alongside you to support your team with specific use cases or to provide additional training.