Why "Checking the Box" Isn't Enough in Third-Party Risk Management (TPRM): In my 17 years working with major banking institutions and critical healthcare companies, I've seen one common thread: Third-Party Risk Management (TPRM) is often treated as a mere compliance checkbox. Here's a funny story that illustrates the problem: Imagine this: You’ve just completed a thorough assessment, identifying crucial gaps and assigning them to the business team for mitigation. Fast forward 1-2 years, and you come back to reassess. Guess what? Those gaps are still there, untouched! Why? Because someone probably handed out exceptions like Halloween candy or maybe no one bothered to follow up. The result? The assessment becomes a pointless exercise rather than a genuine risk management strategy. In many companies, the real success metric in TPRM is "completing the assessment on time," rather than identifying and mitigating third-party risks. Let’s shift the focus from just “checking the box” to truly managing risks. After all, a real risk assessment should lead to real action, not just a pile of exceptions!
Beaconer
Technology, Information and Internet
San Francisco, California 2,557 followers
Preventing Tomorrow's Cyber Risks
About us
Using cloud-native AI and powered by data analytics, automation and instantaneous intelligence, Beaconer helps organizations ensure they are not negatively impacted by their third-party vendor’s risk posture by providing comprehensive and swift managed third-party risk solutions.
- Website
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https://www.Beaconer.io
External link for Beaconer
- Industry
- Technology, Information and Internet
- Company size
- 2-10 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2023
Locations
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San Francisco, California, US
Employees at Beaconer
Updates
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Excited to share our latest milestone at Beaconer! We’re inching closer to our long-term vision of providing a complete & unique Third-Party Risk solution that minimizes the efforts and adapts to the ever-changing landscape. Our updated platform now offers even more features, combining traditional document-based assessments with cutting-edge, automated real-time scanning. Beaconer’s Dark Web and Attack Surface Scanning Tool delivers real-time risk assessments, monitoring vendor IPs and the Dark Web for breaches. This ensures you always have an up-to-date view of your vendors' security posture. Adding this to our existing vendor database, remediation and assessment capabilities, we’re stronger than ever. Curious to see Beaconer in action? Learn more today! https://beaconer.io/ #Information Security Network #IT Governance, Risk & Compliance #TPRM
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🎉 Thrilling News! 🎉 We are excited to announce that Beaconer has achieved SOC 2 Type 1 certification! Reaching this milestone within the first 2 years is a significant achievement for Beaconer and underscores our commitment to maintaining the highest standards of security, availability, and confidentiality for our customers. Successfully completing the SOC 2 Type 1 audit underscores our dedication to protecting your data and ensuring our systems and processes adhere to rigorous industry standards. This certification provides our customers and partners with added assurance that their data is protected according to industry best practices, affirming our commitment to delivering a secure and dependable solution. A heartfelt thank you to our exceptional team and SOCLY.io for their hard work. To our customers, we deeply appreciate your trust and support – this accomplishment would not have been possible without you! #Beaconer #SOC2Certified #DataSecurity #CustomerTrust #TPRM #ManagedServiceModel Nagraj Kuppuswamy Himanshu Joshi
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Hi Everyone, Beaconer is organizing a new webinar titled "Third-Party Risk Management for Beginners". Join us on June 26th at 11 am ET (8:30 pm IST) to learn about the basics of Third-party risk management and how Third-party risk assessment is conducted. Registering link:https://lnkd.in/dt9HAwR4 To get more details about TPRM, please visit our website https://beaconer.io/ Looking forward to seeing you there! #Third Party Risk Management # TPRM #Beaconer #Webinar
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Team Beaconer had an incredible time at Collision Conf 2024! 🎉 It was an honor to meet the Honorable Mr. Victor Fedeli, Minister of Economic Development, Job Creation, and Trade. We’re excited for what’s next and grateful for all the amazing connections we made! 🌟 #Collision2024 #Cybersecurity #Networking #Innovation #FutureTech #beaconer
Day#1 at amazing Collision Conf! 🚀 The event was packed with cutting-edge insights and innovative solutions revolving around AI and machine learning. I had the incredible honor of meeting the Minister of Economic Development, Job Creation, and Trade, the honorable Mr. Victor Fedeli. Team Beaconer is excited to have connected with industry leaders and discussed the future of cybersecurity. Looking forward to what’s next! 🌟 #Collision2024 #Cybersecurity #Networking #Innovation #FutureTech
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Day-2: Exploring the #RSA24 exhibit hall? Make sure to visit booth #1267 for a firsthand demonstration of the Beaconer's managed AI platform for #TPRM. Our cutting-edge third-party risk management tool is crafted to provide comprehensive, automated assessments of third-parties to ensure compliance, mitigate cyber risks, and enable responsible oversight. Dive deeper: https://lnkd.in/g_SAgitt #RSAConference #RSAC #RSA2024 #EndCyberRisk #Beaconer #ThirdPartyRiskManegement
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Having a fantastic Day-1 here at RSA Conference! Join Beaconer at booth #1267 to discover how the latest industry trends can elevate your Third Party Risk Management journey! Discover more: https://lnkd.in/g_SAgitt #RSAConference #RSAC #RSA2024 #EndCyberRisk #Beaconer #ThirdPartyRiskManegement
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Team Beaconer is all set for RSA Conference 2024, San Francisco and can't wait to connect with you. Join us tomorrow at #Booth 1267 for engaging discussions and the opportunity for future collaborations. Make sure not to miss out on the live #demo of Beaconer's cutting-edge TPRM solution at our booth. See you there! #RSAC2024 #CyberSecurity #Collaboration RSA Conference #RSA2024 #RSA #Beaconer #Cybersecurity #StartupZone #SecuritySolutions #startup #sanfrancisco #usa #informationsecurity #leadership #networking #thirdpartyriskmanagement #vendorriskmanagement #tprm #vrm
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🔗🌟🎙️ We just wrapped up our most-awaited webinar on "The latest trends in the TPRM-Managed Service Model"!🎉 Huge thanks to all the amazing attendees for making it such a dynamic and insightful session. Your engagement truly made it a success! If you weren't able to join us live, don't worry. You can catch the full recording right here: https://lnkd.in/eKjqDBCR 📹 Passcode: Dj!m=rD5 💼 Let's keep the conversation going and continue to explore the exciting developments in TPRM together! #TPRM #ManagedServiceModel #Webinar #TeamBeaconer
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On May 2nd at 11 am ET, Beaconer is hosting a #webinar on the latest trend in Third-Party Risk Management: the managed service model. Join us to discover how this approach can streamline your third-party risk assessments, saving you time and money. Additionally, we'll be diving into a real-life case study to show you just how effective it can be in remedying any identified gaps. Register now: https://lnkd.in/edFCFwx7 Have questions? Drop them in the comments below. Can't wait to see you there! #ThirdPartyRiskManagement #Webinar #ManagedServices #beaconer #Vendor
Webinar - Beaconer
https://beaconer.io