Assurance service

Third-Party and Vendor Risk Assessment

Risk-based assessment of third-party and vendor exposure, focused on access, dependency, and business impact rather than questionnaires alone.

Organizations rely on third parties for critical services, infrastructure, and data handling, often with limited visibility into how those dependencies affect risk. This assessment evaluates third-party and vendor relationships through the lens of access, integration, and operational dependency, not checklist compliance.

The objective is to understand where external relationships introduce material risk to the organization, and where assumptions about control, oversight, or responsibility no longer hold.

When it’s a fit

  • You rely on third parties for critical services, data handling, or infrastructure
  • Vendor access has expanded faster than oversight or governance
  • Leadership wants a clearer view of dependency and concentration risk
  • Questionnaires and attestations exist, but confidence remains low
  • A customer, regulator, or insurer is asking about third-party risk posture

What you get

  • A structured assessment of third-party and vendor relationships based on access and dependency
  • Identification of vendors whose compromise or failure would materially impact operations
  • Analysis of access paths, data exposure, and integration points
  • Clear differentiation between acceptable risk, unmanaged exposure, and blind spots
  • Decision-ready findings leadership can use to prioritize oversight and remediation
Discuss scope and approach

Most organizations have some form of vendor risk process, but limited insight into which relationships actually matter most. We help define a focused assessment scope based on business criticality, access, and dependency rather than vendor volume.

We’ll propose an appropriate assessment approach, outline scope options, and provide a pricing range based on the number of vendors, depth of review, and organizational complexity.

Pricing is project-based and defined by vendor count, assessment depth, and organizational complexity.

What determines the scope of an assessment
  • Vendor scope: critical service providers, technology vendors, and data processors
  • Assessment depth: access review, dependency analysis, and risk areas tied to business impact

How this fits into the bigger picture

Third-party and vendor risk assessments provide clarity into how external relationships affect organizational exposure. They help validate assumptions about oversight, responsibility, and control across the supply chain, and surface where dependency risk exceeds tolerance.

This assessment focuses on external relationships and access, rather than internal configuration reviewed during Cloud and Infrastructure Security Assessment.

Third-party and vendor risk assessments do not guarantee vendor performance or prevent future incidents. They provide evidence leadership can interpret against risk appetite, concentration risk, and acceptable levels of external dependency.

Leadership
Clarifies dependency risk, concentration exposure, and oversight priorities.
Operations
Improves visibility into vendor access and operational reliance.
Assurance
Provides evidence-based understanding of third-party risk.
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