Our Assessment Methodology
Led by Industry Experts
A comprehensive methodology built and continuously updated by industry experts.
TruSight products combine a robust assessment built to a best-practices standard with close industry partnerships.
How it works
A Single, Standardized Questionnaire
The foundation of TruSight’s assessment methodology is the TruSight Best Practices Questionnaire (“BPQ”), a single, standardized questionnaire created by TruSight’s founding banks, and updated in partnership with TruSight’s customers, to eliminate redundant assessments across the industry. The TruSight BPQ’s 27 diversified control domains are designed to meet the industry’s assessment needs across the information and cyber security, privacy, business resiliency and other operational risk domain categories.
TruSight’s scalable product suite allows customers to choose the appropriate risk intelligence depth based on their internal risk policies and appetite for a particular supplier:
Verified Best Practices Questionnaire (VBPQ)
TruSight gathers and verifies the third party’s responses to our control-based questions, confirming that any responses or artifacts provided by the third party align to each question and its attributes.
Our Standard Assessment
TruSight conducts a remote assessment of the third party’s control environment to validate the design and implementation of controls according to the BPQ’s requirements. The Standard Assessment includes baseline validation procedures across the 27 TruSight control domains. Standard Assessment validation procedures include structured inquiries, policy and procedure inspection, and example-of-one validation.
Our Comprehensive Assessment
TruSight conducts an onsite assessment of the third party’s control environment to validate the design and implementation of controls according to the BPQ’s requirements. The Comprehensive Assessment increases focus and professional scrutiny on locational physical and environmental security, cyber security program implementation, privacy, and corporate resiliency controls. Comprehensive Assessment validation procedures include structured inquiries, policy and procedure inspection, example-of-one validation, onsite dynamic control observations and validation.
Meet the Industry Experts
Learn more about our Customer Advisory Board (CAB).
The New Industry Standard for Third-Party Risk
TruSight is the best practices third-party assessment service created by leading industry participants for the collective benefit of all financial institutions, their suppliers, partners and other third parties. As innovators of the Assessments-as-a-Service model, TruSight streamlines and simplifies third-party assessments by executing best practice assessments once and delivering to many over a secure, shared-services platform. TruSight was founded as an innovative industry utility by a consortium of leading financial services companies, including American Express, Bank of America, Bank of New York Mellon, JPMorgan Chase and Wells Fargo.