Published:
TraceSecurity Announces Trace Vendor Management, Comprehensive Vendor Due Diligence Solution
BATON ROUGE, La., June 30 /PRNewswire/ -- TraceSecurity, a leading
provider of SaaS security compliance and risk management solutions, today
announced the arrival of Trace Vendor Management, a comprehensive SaaS-based
vendor management solution. Trace Vendor Management enables vendor management
security, compliance and best practices, while minimizing the time and cost
associated with managing an effective vendor management program. It
consolidates the vendor review and approval process with centralized vendor
data, vendor maintenance, and reporting. With vendor visibility, organizations
reduce their risk by ensuring that vendors are following the proper standards,
security best practices, and adhere to regulatory requirements.
Businesses rely on an increasing number of third party vendors to deliver
quality services to their customers. Oftentimes these vendors have access to
sensitive and proprietary data. Therefore, companies need a comprehensive
solution to streamline vendor due diligence, facilitate verification, increase
operational efficiency and reduce cost. In addition, they need to ensure that
vendors comply with regulatory responsibilities and best practices when
dealing with sensitive information. Until now, there has not been a solution
to solve these needs. By using trade associations and independent verifiers,
Trace Vendor Management plays a key role across industries.
"It is imperative that businesses have a firm grasp on their vendor
programs, not only to comply with regulations and security measures, but also
to protect their assets and reputation," stated Jim Stickley, Chief Technology
Officer at TraceSecurity. "By implementing Trace Vendor Management, companies
will be able to assess vendor risk before a business relationship is started
and throughout the relationship lifecycle."
TraceSecurity will launch industry specific versions of Trace Vendor
Management in the near future. Interested and trade associations, third party
verifiers and vendors should contact TraceSecurity immediately.
About TraceSecurity
TraceSecurity is a leading provider of security compliance and risk
management solutions. The company helps organizations of all sizes to
achieve, maintain and demonstrate security compliance while significantly
improving their security posture. Key to TraceSecurity's success is the
company's comprehensive patent-pending methodology that helps clients address
all of the critical components of a successful security compliance program;
people, process and technology.
TraceSecurity delivers its solutions through an integrated
software-as-a-service platform backed by expert professional services and
comprehensive security awareness programs. The company's flagship offering,
TraceCompliance Manager, is the first comprehensive solution to automate
regulatory compliance audits, board level reporting, policy management,
vulnerability assessment, and employee education and testing. The company's
expert professional services include onsite security audits, and social
engineering. The security awareness programs include an exhaustive set of
standard offerings as well as custom designed courses. With over 800 clients,
TraceSecurity supports the risk management and security compliance efforts of
organizations in financial services, healthcare, insurance, government and
other regulated sectors. For more information, please visit
www.tracesecurity.com.
Note: TraceSecurity is a trademark of TraceSecurity, Inc.
SOURCE TraceSecurity, Inc.
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Copyright © 2008, NewsBlaze,
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