Third-Party Risk Management
Most vendor-risk programs are a SOC 2 review at procurement and silence afterward — until a vendor breach happens and nobody can answer basic questions. We build TPRM programs that scale: vendor inventory, risk-tiering by actual exposure, contract review with security and privacy provisions, continuous monitoring, and incident-ready relationships.
Overview
Vendor risk done right — risk-tiered, contract-aware, continuously monitored.
The Pressure
Regulators, carriers, and boards are all raising the bar on vendor risk at the same time.
- FFIEC Interagency Guidance on Third-Party Relationships and NYDFS Part 500's third-party requirements are tightening expectations across financial services.
- HIPAA Security Rule NPRM expands business-associate provisions, while CMMC flow-down extends obligations to subcontractors.
- High-profile vendor incidents have reset board-level expectations on vendor concentration risk.
- Cyber-insurance carriers are asking deeper TPRM questions at every renewal.
- SEC Cybersecurity Disclosure rules require reporting of material incidents at any vendor whose impact reaches the registrant — a vendor incident is now a registrant incident.
The Gap
Most vendor-risk programs are a SOC 2 review at procurement and silence afterward.
- When a vendor breach hits, nobody can answer basic questions: what data they had, what the contract requires, or who to call.
- No forensic entitlement means you often can't even establish whether you're contractually owed incident details.
- Generic GRC tooling automates the questionnaire but not the diligence the questionnaire was supposed to drive.
- Understaffed programs serving 500+ vendors with a handful of people cannot do real diligence on any of them.
- No continuous monitoring means posture is assessed once at onboarding and never revisited.
How We Help
We build TPRM programs that scale — handling enterprise inventories without an army running them.
- Stand up vendor inventory and classification across IT, business, and shadow-IT spend.
- Apply risk-tiering by actual exposure — data touched, access held, operational criticality — not by spend or checkbox, with right-sized diligence per tier.
- Run contract review that reaches the security and privacy provisions that matter — breach notification, audit rights, sub-processor controls, indemnification — rather than the boilerplate.
- Operate continuous monitoring with security-rating change alerts, sub-processor visibility, recertification cadence, and breach-coordination protocols.
- Pre-position incident-ready relationships and pair with our GRC, Technology & Security Audit, and Incident Response practices as TPRM expands into the broader risk program.
You get a TPRM program that can answer the question your examiner, auditor, board, and carrier are now all asking at once.
Capabilities
What we deliver
Vendor Inventory & Classification
Discovery and classification across IT, business, and shadow-IT. You can't manage what you can't see.
Risk Tiering
Tier vendors by actual exposure — data they touch, access they have, criticality to operations. Diligence depth follows risk.
Diligence Programs
Right-sized due diligence: SOC 2 review, custom questionnaires, on-site for critical vendors, automated for low-risk.
Contract Review
Security and privacy provisions: data handling, breach notification, audit rights, sub-processor controls, indemnification.
Continuous Monitoring
Ongoing security rating monitoring, recertification cadence, change-of-control alerting, posture validation.
Vendor Incident Coordination
When a vendor has a breach: rapid impact assessment, notification coordination, contract enforcement.
Manage vendor risk continuously
Let's talk about your vendor inventory, diligence backlog, or contract review process.