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Top 10 Third-Party Risk Management (TPRM) Predictions for 2024
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Third-party healthcare incident response
Prepare for the event of a third-party breach, starting now.
As the statistical likelihood of a healthcare breach approaches a near-certainty, the focus is no longer on whether a third-party breach will occur but on how to respond when one does. Designed in direct response to rising threats in the healthcare industry, CORL Incident Response helps payors and providers proactively prepare for a third-party data breach, so they are positioned to rapidly and decisively respond.
CORL Incident Response was designed in response to real payor and provider feedback on growing concerns related to a third-party data breach. Here’s how we empower healthcare organizations to respond.
Assess third-party breach readiness
Evaluate preparedness for an incident across your vendor community with readiness scores by individual vendor, vendor tier, and organization-wide.
Extend visibility over third-party data breaches
Assess the full impact of an incident with live response tracking, impact mapping, and comprehensive reporting.
Eliminate healthcare incident response confusion
Transform post-incident chaos into clarity by developing a decisive communication plan for each vendor, complete with proper contacts and escalations.
Lighten the load around healthcare incident response
Achieve peace of mind knowing CORL will be prepared to support scalable outreach and manage responses right when it matters most.
Build your data foundation.
Work with CORL to define points of contact, escalation paths, preferred communication channels, and more to ready your data.
Ensure preparedness at scale.
Build out an incident preparedness profile for each of your vendors to identify gaps and score incident preparedness.
Respond rapidly.
Lessen the impact of a third-party breach with an actionable plan and full confidence that you’re ready to respond.
Get insight into impact.
Map the impact of any incident with comprehensive reporting and live visibility into response tracking.
Infographics TPRM
11 Minute Read
Considering preparedness in your vendor risk assessments ensures that you are not only identifying potential vulnerabilities but also evaluating your vendors’ capability to respond to a breach. As the likelihood of a third-party data breach continues to increase, considering incident response readiness a unified part of the vendor risk equation becomes even more critical.
The integration of readiness scores empowers CISOs and other cybersecurity leaders to prioritize vendors based on their preparedness and quickly address gaps before an incident occurs. By focusing on preparedness, you can minimize business impact in the critical hours and days after a breach, enhance your overall security posture, and ensure a more resilient vendor ecosystem.
CORL Incident Response is seamlessly connected with CORL’s service-centered solution for TPRM. Our vendor risk portal prominently showcases vendor readiness scores, makes it easy to access critical information on post-incident contacts and escalation procedures, and incorporates readiness scores into our broader assessment of vendor risk. Readiness can also be evaluated by vendor tier, empowering cybersecurity leaders to first prioritize readiness among vendor tiers with an outsized business impact.
The value of CORL Incident Response extends long after a breach occurs. Our live response tracking, impact mapping, and comprehensive reporting ensure that you have full visibility into the incident’s scope and can make informed decisions confidently and quickly. Additionally, CORL offers scalable outreach and management support, lightening your load, improving your responsiveness, and allowing you to focus on the most critical response activities.