Beyond vendor assessments, we evaluate your own security and compliance posture, review contracts for potential pitfalls, and provide best-practice advice to reinforce defenses. Our comprehensive approach ensures your organization remains well-equipped to manage third-party risks—freeing you to focus on what matters most: running and growing your business.
Ongoing Risk Assessment: CRISP classifies the inherent risks of your current and prospective third parties for an entire year - and offers continuous monitoring recommendations.
Threat Visibility: Gain clarity on each vendor’s potential threats and impact, enabling smarter engagement decisions.
Due Diligence & Categorization: Build a solid foundation through CRISP’s comprehensive approach to measuring and categorizing risks.
Informed Action: Position your business to choose the right ongoing third-party risk plan for your risk profile.
Tailored Questionnaires: We craft targeted security surveys that verify each vendor’s adherence to HIPAA, helping you stay compliant.
Regular Audits: Our team conducts periodic reviews to ensure your vendors maintain rigorous security standards.
Contract Safeguards: We help strengthen Business Associate Agreements and identify potential contractual pitfalls.
Ongoing Support: From risk assessments to incident response guidance, we’re here to help keep your practice HIPAA-compliant.
60% of breaches involve a third-party vendor. Many companies don’t even realize they’ve been compromised until it’s too late.
Over 70% of companies don’t know if their third-party vendors meet compliance standards, putting them at risk for hefty fines and regulatory violations.
Over 50% of companies lack a formal program to monitor third-party compliance, making them vulnerable to surprise audits and legal penalties.
85% of contract disputes stem from unclear or outdated clauses, leaving your company exposed to expensive legal battles and penalties.
Up to 40% of organizations face legal issues because their NDAs, MSAs, or vendor contracts fail to meet updated compliance standards.
Hidden loopholes in outdated contracts can be exploited, causing serious financial or legal harm to your business without you even knowing.
Over 80% of businesses fail their first security or compliance audit due to unassessed vulnerabilities, putting them at immediate risk of breaches and penalties.
43% of cyberattacks target small and medium businesses, and 60% of those companies shut down within six months after a breach.
Insurance claims for cyber incidents are often denied if companies haven’t performed a thorough security assessment beforehand.
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Some or all of the services described in this engagement may not be available to certain clients, including those who have affiliations or relationships with audit firms or related entities.
The information provided herein is of a general nature and is not intended to address the specific circumstances of any individual or entity. While we strive to offer accurate and up-to-date information, we cannot guarantee its accuracy at the time it is received or in the future. No action should be taken based solely on this information without seeking appropriate professional advice tailored to your particular situation. CRISP does not provide legal or tax advice.
This information is not intended to constitute “written advice concerning one or more Federal tax matters” as defined by section 10.37(a)(2) of Treasury Department Circular 230.
Let’s discuss your unique security needs and address any other questions you may have. Contact us today for a free consultation and take the next step towards strengthening your company’s defenses.
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