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Third-Party Risk Management (TPRM)

TPRM by QSafe delivers real-time vendor risk monitoring, compliance management, and security scoring. It helps organizations prevent breaches, protect sensitive data, and ensure third-party accountability across the entire supply chain.

Third-Party Risk Management (TPRM)

How It Works!

Assess, monitor, and manage vendor security risks continuously to protect your organization from third-party vulnerabilities.

1

Vendor Risk Assessment

Comprehensive evaluation of third-party security controls, compliance status, and operational practices through questionnaires, audits, and automated security scans.

2

Continuous Monitoring

Ongoing surveillance of vendor security posture, threat intelligence, breach notifications, and compliance changes to identify emerging risks in real-time.

3

Risk Remediation & Reporting

Prioritized action plans, remediation tracking, and detailed reporting ensure vendors address identified risks while maintaining complete audit documentation.

See Third-Party Risk Management in Action

Secure your supply chain: Monitor vendor risks proactively.

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c9lab Vision

Features

Our platform provides enterprise-grade TPRM capabilities designed to comprehensively manage vendor relationships and minimize supply chain risks.

1
Vendor Risk Assessment Framework

Standardized methodology for evaluating third-party security controls, compliance, financial stability, and operational resilience.

2
Automated Security Questionnaires

Customizable assessment templates and questionnaires distributed automatically to vendors with workflow tracking and response management.

3
Continuous Security Monitoring

Real-time surveillance of vendor security posture through external threat intelligence, breach databases, and security rating services.

4
Vendor Security Scoring

Quantitative risk scores based on security controls, compliance status, breach history, and industry benchmarks for objective comparison.

5
Compliance Tracking

Monitors vendor adherence to regulatory requirements including GDPR, HIPAA, SOC 2, ISO 27001, and industry-specific standards.

6
Contract and SLA Management

Centralizes vendor contracts, security requirements, and service level agreements with automated renewal tracking and compliance verification.

7
Due Diligence Workflows

Structured onboarding processes ensure thorough security evaluation before establishing new third-party relationships.

8
Risk Tiering and Classification

Categorizes vendors based on data access, criticality, and risk level to prioritize monitoring and resource allocation appropriately.

9
Fourth-Party Risk Visibility

Extends monitoring to sub-contractors and downstream vendors in the supply chain for comprehensive risk coverage.

10
Threat Intelligence Integration

Incorporates external threat data, dark web monitoring, and breach notifications specific to vendor organizations.

11
Remediation Tracking

Documents identified risks, assigns corrective actions, tracks remediation progress, and verifies issue resolution.

12
Audit Trail and Documentation

Maintains complete records of assessments, communications, evidence, and decisions for regulatory compliance and audits.

13
Vendor Portal

Self-service portal for vendors to submit documentation, complete assessments, and maintain current security information.

14
Risk Dashboard and Analytics

Centralized visibility into vendor risk landscape, trends, portfolio health, and key performance indicators.

15
Automated Alerts and Notifications

Real-time alerts for vendor security incidents, compliance violations, contract expirations, and elevated risk conditions.

16
Integration with Procurement Systems

Connects with procurement and vendor management platforms to embed security reviews into acquisition workflows.

17
Customizable Risk Policies

Configurable risk tolerance levels, assessment criteria, and approval workflows aligned with organizational requirements.

18
Executive Reporting

Comprehensive reports and executive dashboards summarizing third-party risk posture, trends, and strategic recommendations.

19
Collaboration Tools

Facilitates communication between security teams, procurement, legal, and vendors for efficient risk resolution.

20
Benchmarking and Best Practices

Compares vendor security performance against industry standards and peer organizations for continuous improvement.

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Third-Party Risk Management FAQ's

What is Third-Party Risk Management?
TPRM is a systematic approach to identifying, assessing, and monitoring security and operational risks from vendors, suppliers, and partners.
Why is TPRM important?
Third-party breaches are a leading cause of data compromise; TPRM protects against supply chain vulnerabilities and ensures vendor security.
How are vendors assessed?
Through security questionnaires, compliance reviews, external security ratings, and continuous monitoring of security posture.
What is continuous monitoring?
Ongoing surveillance of vendor security through threat intelligence, breach notifications, and automated security scans.
How are vendor risks scored?
Quantitative scoring based on security controls, compliance status, breach history, and comparison against industry benchmarks.
Can the platform track compliance?
Yes, it monitors vendor adherence to GDPR, HIPAA, SOC 2, ISO 27001, and other regulatory requirements.
What is risk tiering?
Categorizing vendors by criticality, data access, and risk level to prioritize monitoring and assessment efforts appropriately.
Does it monitor fourth-party risks?
Yes, visibility extends to sub-contractors and downstream vendors in the extended supply chain.
How are new vendors onboarded?
Structured due diligence workflows ensure comprehensive security evaluation before establishing relationships.
What happens when risks are identified?
Remediation workflows track corrective actions, assign responsibility, and verify issue resolution with vendors.
Is there a vendor portal?
Yes, self-service portals allow vendors to submit documentation, complete assessments, and maintain current information.
How does threat intelligence help?
Incorporates external threat data and breach notifications specific to vendor organizations for proactive risk identification.
Can it integrate with procurement systems?
Yes, seamless integration embeds security reviews into procurement and vendor acquisition workflows.
What documentation is maintained?
Complete audit trails of assessments, communications, evidence, decisions, and remediation activities for compliance.
How are contracts managed?
Centralizes vendor contracts, security requirements, and SLAs with automated tracking of renewals and compliance.
What alerts are provided?
Real-time notifications for security incidents, compliance violations, contract expirations, and elevated risk conditions.
Can risk policies be customized?
Yes, risk tolerance levels, assessment criteria, and approval workflows can be tailored to organizational needs.
What reporting is available?
Executive dashboards, detailed risk reports, trend analysis, and strategic recommendations for stakeholders.
How does it support collaboration?
Integrated tools facilitate communication between security, procurement, legal teams, and vendors for efficient resolution.
Who needs TPRM?
Any organization relying on third-party vendors, especially in regulated industries like finance, healthcare, and critical infrastructure.
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