Managing your third-party business risks

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 Exeter-based Nexus can act as your shield, reducing risks and protecting your operations.

Here’s how the team 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. Their expert team don’t just stop at surface-level checks; they dig deep into compliance records, past security incidents and 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, Nexus doesn't wait for it to escalate. They 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.

Are you ready to take control of your third-party risks?

Ignoring third-party risks isn’t an option but tackling them alone isn’t your only choice. Partnering with Nexus empowers you to face risks confidently, ensuring your business remains secure while you focus on what matters most: business growth.

Nexus is your trusted partner for reliable, secure, and innovative IT solutions. With over 25 years of experience and a proven track record across Exeter, Bristol, Cardiff, and Birmingham, they deliver award-winning IT support tailored to your business needs.

As a Microsoft Solutions Partner and holders of ISO 27001 and Cyber Essentials Plus certifications, Nexus offer cutting-edge services, from managed IT support and cybersecurity to cloud solutions and unified communications.

Their proactive approach ensures your systems are secure, efficient, and future-ready, while their team of experts works closely with you to align technology with your strategic goals.

For more information, call 01392 205 095 or email hello@nexusos.co.uk

You can also download their free Third Party Risk Guides here.