Don’t Let Your Vendors Become Your Weakest Link — Get Proactive Vendor Risk Management

Not sure where to start with vendor security? You’re not alone.

Most small and medium-sized businesses don’t have a formal vendor risk management process, and it shows.
Vendor assessments are scattered across emails, security questionnaires sit incomplete, and there’s no clear visibility into which vendors pose the greatest risk. No one truly owns vendor security, and critical third-party relationships operate without proper oversight.

That makes you an easy target.
From supply chain attacks to vendor data breaches, cyber threats increasingly come through your trusted partners. Meanwhile, regulations are tightening and customers are demanding proof of vendor security. When a vendor gets breached and your data is exposed, guess who’s legally responsible? (Hint: It’s not the vendor.)

That’s where vendor risk management comes in.
You get comprehensive vendor assessments, continuous monitoring, and executive-level oversight—without the six-figure cost of a full-time security team. We’ll evaluate your vendors, monitor their security posture, create enforceable contracts, and be there when vendor incidents threaten your business.

Our Vendor Risk Assessment Process

From initial vendor discovery to continuous monitoring, here’s how we secure your supply chain.

Types of Vendor Assessments We Provide

We tailor our assessment approach to match each vendor’s risk level and your compliance requirements.

8 Reasons Businesses Trust Our Vendor Risk Management

From cost savings to faster vendor onboarding, here’s why small and mid-sized businesses choose our VRM service instead of building in-house.

Flexible Vendor Risk Management Plans, Built Around Your Needs

These plans represent typical engagement levels we offer to small and midsize businesses. Every organization is different — we’ll tailor your scope based on vendor ecosystem size, regulatory needs, and internal resources.

💡 ROI Insight: The average cost of a vendor-related breach is $4.5M. Our Enterprise plan ($96k/year) costs less than 2% of the average breach response — and gives you continuous protection.

Why Choose Managed Vendor Risk Management?

See how our managed service compares to other vendor risk management approaches.

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Vendor Security FAQs

What exactly is vendor risk management?

Vendor risk management is the systematic process of evaluating, monitoring, and mitigating security risks from your third-party vendors, suppliers, and business partners. We assess their security practices, ensure they meet your standards, and continuously monitor for new threats.

Why can’t we just trust our vendors’ security certifications?

Certifications like SOC 2 are a good start, but they’re point-in-time assessments that may not cover all your specific security requirements. Many breaches occur at certified vendors. Continuous monitoring and tailored assessments ensure vendors maintain security standards relevant to your data and compliance needs.

How long does vendor risk assessment take?

Initial assessments typically take 2-4 weeks depending on vendor responsiveness and complexity. Our streamlined process and automated tools significantly reduce assessment time compared to manual methods. For critical vendors requiring comprehensive automated scanning, add 1-2 weeks.

What happens if we find a high-risk vendor?

We provide a prioritized remediation plan with specific actions to reduce risk. This might include requiring additional security controls, limiting data access, renegotiating contracts, or in extreme cases, finding alternative vendors. We guide you through the entire risk mitigation process.

Do we need to assess every single vendor?

No. We help you classify vendors by risk level based on their access to sensitive data, criticality to operations, and security impact. Low-risk vendors may only need basic reviews, while critical vendors require comprehensive assessments and continuous monitoring.

How does continuous monitoring work?

We use automated tools and threat intelligence feeds to monitor your vendors’ security posture 24/7. This includes tracking for data breaches, security incidents, certificate expirations, and dark web activity. You receive real-time alerts when vendor risks change.

Will vendor assessments slow down our business?

Actually, the opposite. Our standardized process and pre-approved vendor list speed up onboarding. Once established, vendor assessments become faster and more predictable. Many clients reduce vendor onboarding time from weeks to days.

What if a vendor refuses to complete security assessments?

Vendor reluctance is a red flag. We help you navigate these situations by providing alternative assessment methods, leveraging public information, or negotiating simplified assessments. If a vendor won’t demonstrate basic security practices, we help you evaluate alternatives.

What happens if a vendor gets breached?

Vendor breaches can have serious consequences for your business, including data exposure, regulatory fines, and damage to your reputation. Many regulations and contracts hold data owners accountable for breaches involving their data, regardless of where they occur. That’s why proper vendor contracts with security requirements, liability clauses, and cyber insurance requirements are critical. We help ensure your vendor agreements include appropriate protections.

Is vendor risk management really worth the investment?

Absolutely. The average vendor-related breach costs $4.5M, while our comprehensive program costs $29,995. That’s less than 0.7% of potential losses. Plus, you get faster vendor onboarding, reduced compliance risk, and peace of mind knowing your supply chain is secure.

Can’t we just do vendor assessments in-house?

You could, but it would require hiring a vendor risk manager ($150K/year), implementing assessment tools ($50K+), and dedicating significant time. Our service delivers the same expertise and results for a fraction of the cost, with proven methodologies and continuous monitoring you can’t easily replicate.

What if we’re not satisfied with the service?

We’re committed to your success and will work closely with you to ensure our vendor risk management service meets your needs. If you have concerns about our service delivery, we’ll address them immediately and make necessary adjustments. We’re confident in our methodology and want you to feel secure in your decision to work with us.