Which vendors should be assessed first?

Those with access to sensitive data or critical systems, and those your operations cannot easily replace.

Is a vendor’s SOC 2 report enough?

It is strong evidence, but check its scope, period, exceptions and the complementary user entity controls you are expected to operate yourself.

How often should vendors be reassessed?

Commonly once a year for critical vendors and less often for low-risk ones, plus whenever a vendor’s service or risk changes.

Third-party risk management.

We help you build a third-party risk management programme: know your vendors, tier them by risk, assess the critical ones and keep monitoring them.

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Vendor visibility

A complete list of who has your data and access.
Risk-based effort

Deep reviews only where the risk is high.
Stronger contracts

Security and breach-notification terms in agreements.
Audit evidence

Documented supplier controls for SOC 2 and ISO 27001.

01 — Overview

Know which suppliers carry risk, and keep it in check.

SaaS tools, cloud platforms, outsourced developers and other suppliers handle your data or connect to your systems. When one of them has a weak spot, the incident lands on you.

Third-party risk management (TPRM) is how you keep that risk under control, and it is something ISO 27001 (Annex A 5.19 to 5.22), SOC 2, DORA and the DPDP Act all expect.

Example — how suppliers are rated

Tier 1 — Critical Holds sensitive data or has deep access to your systems Deepest review
Tier 2 — Elevated Limited data or limited access Standard review
Tier 3 — Standard No data and no access to your systems Light check

The depth of review follows the data and access a supplier has.

Step 1: Identify

The suppliers that handle your data or connect to your systems.
Step 2: Rate

Each one by the data and access it has.
Step 3: Assess

Before you sign, and while they work for you.
Step 4: Contract

Build security terms into your agreements.
Step 5: Monitor

Keep watching over time, not just at onboarding.

02 — Pipeline

How we deliver Third-party risk management

Step 1: Vendor inventory

List suppliers and map the data and systems each one touches.
Step 2: Risk tiering

Tier vendors by data sensitivity, access and business impact.
Step 3: Due diligence

Review questionnaires, SOC 2 reports and certificates for critical vendors.
Step 4: Contract terms

Add right-to-audit, breach notification and data return clauses.
Step 5: Remediation tracking

Agree corrective actions with vendors and follow them up.
Step 6: Ongoing monitoring

Reassess vendors periodically and whenever risks change.

Trusted by

Kavayah Cloud LLC.
VirtueServe R&D Pvt. Ltd.
Middleware Lab Inc.
York IE Inc.
Davinci Inc.
Therapz Inc.
Clouds Analytics Inc.
RedKite Network LLP
Yuva Infocare Pvt. Ltd.
Fidelity Life Science
Safebooks Global Pvt. Ltd.
Xenett
Cyfonix Pvt. Ltd.
Interstride
Symbion Coding Inc.

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Third-party risk management.

Why Third-party risk management matters

Vendor visibility

Risk-based effort

Stronger contracts

Audit evidence

Know which suppliers carry risk, and keep it in check.

Step 1: Identify

Step 2: Rate

Step 3: Assess

Step 4: Contract

Step 5: Monitor

How we deliver Third-party risk management

Step 1: Vendor inventory

Step 2: Risk tiering

Step 3: Due diligence

Step 4: Contract terms

Step 5: Remediation tracking

Step 6: Ongoing monitoring

Third-party risk management FAQs

Articles about Third-party risk management

Answering Security Questionnaires Faster

Talk to our experts about Third-party risk management, in one free call.