Client Success Story: Strengthening Third-Party Risk Management with Latitude

Do you know your vendors and how they connect to your network? Are you notified if a vendor is breached?

For many organizations, third-party vendors are a necessary part of operations, helping to streamline services, reduce costs, and enhance capabilities. However, this growing reliance also expands your attack surface—meaning your security is only as strong as the weakest link in your vendor network. Without a robust third-party risk management (TPRM) program, businesses are left vulnerable to breaches they may not even see coming.

The Challenge: A Hidden Security Gap

A healthcare organization recently came to Latitude with concerns about its vendor ecosystem. Despite working with hundreds of third parties, they lacked a structured approach to assessing vendor security risks. There was no clear process for vetting vendors before onboarding, and ongoing monitoring was inconsistent. Worse, they weren’t always informed when a vendor suffered a breach—leaving them exposed to potential threats without even knowing it.

The Solution: A Hands-On, Critical Thinking Approach

Latitude stepped in with a tailored third-party risk management program that went beyond automated reports. Unlike firms that rely solely on software-generated risk scores and check the box questionnaires, our team takes a manual, critical-thinking approach to vendor assessments. This ensures that risks aren’t just flagged, but fully understood in the context of the client’s business.

Our process included:

• Comprehensive Vendor Evaluation – We assessed vendors before they were onboarded, identifying security gaps early.
• Ongoing Monitoring – Instead of passive alerts, we provided proactive updates on vendors’ security postures, ensuring our client was informed of potential risks in real-time.
• Actionable Risk Insights – We didn’t just present risk scores; we translated them into clear, strategic recommendations tailored to the client’s industry and regulatory requirements.
• Personalized Guidance – With our expertise in healthcare cybersecurity, we aligned our recommendations with the client’s security framework (HITRUST) along with HIPAA, and 405(d) guidelines to ensure compliance.

The Outcome: A Stronger, More Resilient Vendor Network

With Latitude’s help, the client transformed their third-party risk management program from a reactive process to a proactive, strategic initiative. They now have:
✔ Clear visibility into vendor risks before contracts are signed.
✔ A structured monitoring system that ensures they are notified immediately if a vendor is breached.
✔ Stronger security across their vendor ecosystem, reducing their exposure to supply chain attacks.

Why Latitude?

Most third-party risk management services rely on automation—but we believe security requires a human touch. Our team applies critical thinking and industry expertise to ensure vendor risks are fully understood, not just detected. By providing personalized recommendations and continuous monitoring, we help businesses turn their vendor ecosystem from a liability into a security strength.

Strong relationships start with strong security. If you’re ready to take control of your third-party risk, connect with Latitude today!