Third-Party Risk Assessments
Identify, assess, and address vendor risks before they impact your business.
Securing the Links in Your Supply Chain
Supply chain risks are an increasingly exploited attack vector used by cybercriminals. Our Third-Party Risk Assessments are designed to help you evaluate vendors by using a structured, in-depth approach. By partnering with your team, we identify vulnerabilities, enforce compliance with industry standards, and reduce risks introduced by third-party relationship, without disrupting your operations.
Our Comprehensive Approach to Vendor Risk Management
Identify Vendor Risks with Precision
Evaluating vendor compliance with global standards.
We perform in-depth risk assessments of third-party vendors, and leverage various industry certifications such as ISO, NIST, and SOC 2 reports. By analyzing technical safeguards, operational procedures, third-party associations, and reputation, we ensure each vendor aligns with your security requirements to mitigate and reduce the amount of cyber risk.
Continuous Vendor Monitoring
Identify evolving risks in real-time.
We utilize various tools to help define and track vendor criticality based on your specific business need. Once critical vendors are identified, continuous monitoring ensures that risks are mitigated as they arise, not after an incident.
Tailored Reassessment Cycles
Keep critical vendor relationships secure.
Our reassessment strategy is customized based on your vendor's criticality. We perform annual or semi-annual reassessments of your vendors based on criticality to validate sustained compliance and ensure alignment with your organization’s evolving risk appetite.
What Our Customers Say
Why Choose Our Third-Party Risk Assessments
For organizations with zero tolerance for risk, our approach combines technical rigor, best-in-class tools, and industry frameworks to deliver vendor risk management that scales with your business needs.
Rigorous Vendor Evaluations
Assess vendors against global standards.
We assess current attestation of your vendors such as ISO or SOC2 in conjunction with a tailored line of questioning delivered to the vendor to evaluate potential threats a vendor may introduce to your organization. This structured approach ensures all vendors meet your high-security expectations, reducing potential attack surfaces.
Reduced Risk of Data Breaches
Proactively address vulnerabilities in your supply chain.
By identifying high-risk vendors and recommending actionable improvements, the probability of a breach is lowered. Our assessments focus on areas like data protection, incident response readiness, and third-party access controls.
Streamlined Compliance
Achieve regulatory alignment with ease.
Our assessments help your organization meet regulatory obligations, including GDPR, HIPAA, PCI DSS, and more. With our reports, you’ll have the documentation needed to demonstrate compliance to auditors and stakeholders.
Third Party Risk Assessments FAQs
If you don’t see an answer to your question below, we encourage you to contact us for more information.
Our Third-Party Risk Assessments include comprehensive evaluations such as:
- Security Posture Reviews: Ensuring vendors comply with frameworks like ISO 27001, NIST 800-53, and
SOC 2. - Data Protection Audits: Assessing encryption protocols, access controls, and data handling practices.
- Incident Response Readiness: Evaluating vendors' ability to detect, respond, and recover from cyber incidents.
- Compliance Mapping: Aligning vendor practices with regulatory standards like GDPR, HIPAA, and PCI DSS.
These assessments ensure each vendor meets the high standards required to protect your organization.
We use tools like Whistic to assign a criticality score to each vendor based on their access to sensitive data, integration into key systems, and their overall risk impact. High-criticality vendors are prioritized for detailed assessments and frequent reassessments, ensuring they maintain compliance and mitigate risks effectively over time.
We benchmark vendors against globally recognized security and compliance frameworks, including:
- ISO 27001 for information security management.
- NIST 800-53 for federal risk management controls.
- SOC 2 for service organization controls.
- CIS Controls for best practices in cybersecurity defense.
Additionally, we tailor our assessments to include any industry-specific regulations or internal security policies your organization follows.
Reassessments are conducted at regular intervals based on vendor criticality (e.g., quarterly for high-risk vendors, annually for low-risk vendors). These reviews ensure vendors maintain their security posture and adapt to evolving threats or regulatory changes. Continuous reassessment minimizes the likelihood of vulnerabilities being introduced into your supply chain.
Third-Party Risk Assessments deliver ROl by:
- Reducing the likelihood of a breach: Identifying and remediating vulnerabilities reduces financial and reputational damage from potential attacks.
- Avoiding compliance penalties: Ensuring vendor alignment with regulations prevents costly fines.
- Optimizing vendor selection: By assessing vendors upfront, we help you avoid investing in tools or services that fail to meet your security standards.
In short, these assessments save time, reduce costs, and protect your organization from avoidable risks.
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