Third Party Risk Assessment Services
Protect your organization through expert evaluation of vendors, partners, and external tools. Our comprehensive assessment process helps you understand and mitigate risks across your entire supply chain.
The Evolving Risk Landscape
Third-Party Assessments are essential for the management of vendors, partners, software, hardware, and tools employed for the research and development, design, acquisition, delivery, integration, and operations and maintenance of your product.
Today's Regulatory Environment
- NIST 800-53 revision 5 requirements
- FedRAMP third-party mandates
- CMMC supply chain controls
- GDPR vendor compliance
- CCPA service provider obligations
Essential Security Checkpoints
- Security standard compliance (SOC2, ISO, FedRAMP)
- Integration risk evaluation
- Data handling practices
- Geographic processing considerations
- Personnel security measures
- Privacy compliance verification
From Assessment to Action
Discovery Phase
- Documentation collection
- Privacy policy analysis
- Terms and conditions review
- Security certification verification
- Background check validation
Deep-Dive Analysis
- Integration risk analysis
- Data flow mapping
- Security control evaluation
- Vulnerability assessment
- Compliance gap identification
Strategic Planning
- Risk scoring and prioritization
- Cost-benefit analysis
- Remediation recommendations
- Executive summaries
- Detailed findings reports
Creating Business Value
Proactive Protection
- Early risk identification
- Threat prevention strategies
- Compliance maintenance
- Supply chain security
- Data protection assurance
Strategic Advantages
- Incident prevention
- Optimized vendor selection
- Reduced remediation costs
- Compliance adherence
- Brand protection
Navigating Compliance Changes
Current Standards
- NIST 800-53 Rev 5 requirements
- Supply chain security controls
- Privacy regulation impacts
- International data handling
- Vendor documentation requirements
Looking Ahead
- Emerging compliance standards
- Enhanced security requirements
- Privacy regulation evolution
- Supply chain risk management
- Continuous monitoring expectations
Key Questions Answered
Assessment Timing
We recommend annual assessments for critical vendors and reviews after significant changes to services or regulations. Additionally, we recommend reviewing all vendors every 2-3 years, unless standards require annual reviews.
Scope of Review
- Security certifications
- Privacy policies
- Service agreements
- Compliance attestations
- Security questionnaires
Global Vendor Management
We evaluate compliance with international regulations and assess data handling across different jurisdictions.
Comprehensive Deliverables
Detailed Documentation
- Risk analysis
- Compliance status
- Security evaluation
- Remediation roadmap
- Executive briefing
Implementation Strategy
- Priority-based actions
- Mitigation approaches
- Timeline planning
- Resource allocation
- Ongoing monitoring
Partner with Cadra
Ready to strengthen your vendor risk management program? Contact our team to discuss how we can protect your organization through expert third party risk assessment.