Managing Your Third-Party Risks: How Nexus Can Help

Running a business requires reliance on multiple external partners, such as suppliers and vendors. These partnerships help keep your day-to-day operations running. However, they come with a challenge: each third party introduces risks, and if those risks aren’t managed properly, your business could face disruptions or worse.

It’s unlikely your whole supply chain has the same awareness of threats and risks as you do, and this introduces a risk to your own operations. Supply chain attacks are no longer a rare occurrence. They’re happening daily, targeting businesses of every size.

The good news is that Nexus can act as your shield, reducing risks and protecting your operations.

Here’s how we can help you stay ahead of the game

Risk assessment and due diligence

Knowing where risks exist is the first step to managing them. Nexus can conduct thorough evaluations of your vendors. We don’t just stop at surface-level checks; we dig deep into compliance records, past security incidents and their existing vulnerabilities.

This isn’t about instilling fear. It’s about giving you clarity. When you understand which vendors pose risks and where your vulnerabilities are, you’re in a much stronger position to decide which partners to trust and how to protect your business.

Continuous support

One-off assessments aren’t enough. Risks evolve and so do your partners’ security vulnerabilities. Nexus offers ongoing monitoring because it’s not a “set it and forget it” approach. It’s a proactive, hands-on system that keeps your business safe.

If something suspicious comes up, we don’t wait for it to escalate. We act immediately, minimising damage and ensuring your operations keep running without hiccups.

Cost-effectiveness

Let’s face it: managing risks sounds expensive and if you tried to replicate what Nexus offers on your own, it would almost definitely be more expensive. Building an in-house team with the same level of expertise isn’t just costly — it’s unnecessary.

Nexus gives you enterprise-level protection without the hefty price tag. You get maximum protection for your investment, letting you focus on your business without worrying about overspending.

Scalability

As your business grows, so do your risks. Nexus ensures that your security measures scale alongside your needs. Whether adding new vendors, entering new markets or expanding operations, they adapt with you.

This flexibility means you’re never left exposed, no matter how complex your operations become.