Third-Party Risk Management
Manage Your Vendor and Supply Chain Risk
Structured vendor assessments, supply chain risk frameworks and ongoing supplier monitoring. Senior-led TPRM consulting for Australian organisations.
Why third-party risk management matters
Your organisation's security posture is only as strong as your weakest supplier. Third-party risk management (TPRM) is the process of identifying, assessing and managing the cyber risks introduced by vendors, suppliers and partners who have access to your systems, data or operations. CyberXM helps you build a practical, scalable TPRM programme that gives you visibility over your supply chain risk.
How CyberXM helps
Vendor risk assessments
Structured assessments of individual vendors against your security requirements, covering controls, practices, certifications and evidence of security maturity.
Vendor tiering
Risk-based tiering of your vendor population by criticality and access level, enabling proportionate assessment effort and ongoing monitoring.
Inherent & residual risk analysis
Assessment of inherent risk based on vendor access and data handling, and residual risk after considering the vendor's controls and your mitigations.
Security questionnaires
Development and review of vendor security questionnaires tailored to your risk appetite and the nature of the vendor relationship.
Evidence reviews
Review of vendor-provided evidence including certifications (ISO/IEC 27001:2022, SOC 2 attestation reports), penetration test reports, policies and audit results.
TPRM framework development
Design and implementation of a scalable TPRM programme including policy, process, tooling guidance and governance structure.
Who this service suits
- Organisations with a large or growing vendor population and limited TPRM capability
- Organisations required to demonstrate supply chain risk management to customers or regulators
- Organisations that have experienced a third-party security incident and need to strengthen their programme
- Organisations onboarding high-risk vendors with access to sensitive data or critical systems
- Organisations building a TPRM programme from scratch
Need to strengthen your vendor risk programme?
Book a no-obligation consultation with a senior CyberXM consultant.