Third-Party Risk Assessment
Protect your organisation from vendor vulnerabilities, data breaches, and compliance failures with our comprehensive third-party risk management solution.
The Hidden Dangers of Third-Party Vendors
Your vendors have access to your systems, data, and customers. Are you confident they're secure?
60% of Data Breaches
Originate from third-party vendors with inadequate security controls
$4.35M Average Cost
Per data breach in 2023, with vendor breaches costing 15% more
Compliance Violations
GDPR, HIPAA, SOC 2, and ISO 27001 require documented vendor risk assessments
Reputation Damage
Customer trust erodes when your vendor's security failures expose their data
The Reality:
- Most organisations have 100+ third-party vendors with varying access levels
- 54% of companies experienced a vendor-related breach in the past 2 years
- Only 35% conduct regular third-party security assessments
- Manual assessments take 40+ hours per vendor and quickly become outdated
What We Deliver
Comprehensive third-party risk assessment and ongoing monitoring to protect your organisation
Initial Risk Assessment
Risk Scoring & Reporting
Ongoing Monitoring
Complete Deliverables Package
Sample Vendor Risk Scorecard
See how we assess and score your third-party vendors across critical security domains
Acme SaaS Provider
CRM & Marketing Automation Platform
Strong encryption, MFA enabled, regular security training
SOC 2 Type II, ISO 27001, GDPR compliant
Data retention policy unclear, backup encryption needs verification
No documented incident response plan, breach notification SLA undefined
Disaster recovery plan exists, but RTO/RPO targets not aligned with requirements
Critical Action Items:
- 1. Request documented incident response plan within 30 days
- 2. Clarify data retention and deletion policies in contract addendum
- 3. Require quarterly security posture updates
- 4. Add breach notification clause (24-hour SLA)
Transparent Pricing
Choose the package that fits your vendor risk management needs
Starter Assessment
Perfect for evaluating critical vendors
Professional Program
Comprehensive vendor risk management
Enterprise Suite
Full vendor ecosystem management
Case Study: Healthcare SaaS Client
How we helped a healthcare technology company avoid a $2M+ compliance violation
Series B Healthcare SaaS Platform
150 employees | $20M ARR | HIPAA-regulated environment
The Challenge
- Processing PHI (Protected Health Information) through 47 third-party vendors including payment processors, analytics tools, and cloud infrastructure
- Preparing for HIPAA audit and SOC 2 Type II certification — auditors flagged inadequate vendor risk documentation
- Manual vendor assessments taking 60+ hours each with inconsistent methodology across different teams
- 12 vendors had subprocessors with unknown security postures, creating hidden compliance gaps
- Facing potential $2.3M penalty for HIPAA non-compliance if gaps were not remediated within 90 days
Our Solution
- Conducted emergency assessment of all 47 vendors using our standardised HIPAA framework
- Identified 8 high-risk vendors requiring immediate attention
- Created prioritised remediation roadmap based on data sensitivity and access levels
- Worked with the legal team to add BAAs (Business Associate Agreements) for 5 vendors missing proper contracts
- Replaced 2 non-compliant vendors with HIPAA-certified alternatives
- Implemented continuous monitoring for all critical vendors
- Created comprehensive documentation package for auditors
- Quarterly reassessments with automated certificate expiration tracking
- Real-time breach monitoring and vendor security posture changes
- New vendor onboarding process with security review before contract signature
Results Achieved
Get Your Free Vendor Risk Diagnostic
Book a 30-minute consultation and we'll assess one of your critical vendors at no cost. See exactly how our framework uncovers hidden risks.
No obligation • 30-minute consultation • Immediate value
Trusted by companies meeting: