Third Party Risk Management
Your security is only as strong as your weakest link. That link is often a third party you’re working with.
According to the Ponemon Institute, 50% of organisations don’t monitor third parties with access to sensitive information.
Every vendor, supplier and partner with access to your systems or data represents a potential entry point for attackers. Yet many organisations have limited visibility into the actual security practices of these external parties.
High profile breaches at Target, SolarWinds and others started through third party access. With over 60% of cyber attacks now originating from third party vulnerabilities, the question isn’t whether you’ll face supply chain risk – it’s whether you’ll be prepared for it.
Our Third Party Risk Management service gives you the clear picture you need We assess your partners’ security posture against industry standards, identify gaps and provide practical recommendations for managing the risks.
Whether you’re meeting compliance requirements or simply want to sleep better at night, our assessments help you understand and control your extended risk exposure.
Talk to us about Third Party Security
Third Party Risk Management: What You Get
Expert Assessment
Reviews conducted by experienced cybersecurity professionals who understand real world threats and practical security implementation.
Objective Analysis
Impartial third party assessment that cuts through vendor marketing claims to reveal actual security capabilities and gaps.
Comprehensive Coverage
Risk identification across all security domains including technical controls, policies, procedures and compliance frameworks.
Compliance Support
Ensure regulatory requirements are met for PCI DSS, HIPAA, GDPR and other frameworks that mandate third party assessments.
Actionable Recommendations
Practical, prioritised suggestions for risk mitigation that you can implement immediately or discuss with your partners.
Extended Visibility
Clear understanding of cyber risks across your supply chain and partner ecosystem.
How We Work
Pre-Planning
We work with you to define the scope and gather essential documentation from your third party including security policies, risk frameworks, technical configurations and evidence of security controls like monitoring, vulnerability management and access controls.
Evaluation
Our team conducts a thorough analysis of the third party’s security posture. We assess compliance with standards like ISO 27001, NIST and Cyber Essentials, review their vendor management processes and examine SOC activities through remote and on-site meetings over several days.
Reporting & Recommendations
You receive a comprehensive report with executive summary, prioritised findings (critical, high, medium, low) and actionable recommendations. We follow up with a debrief session to discuss results and outline next steps for improving security posture.
Why choose Razorthorn for Third Party Risk Management?
18 Years of Experience
Established in 2007, we’ve been securing Fortune 500 companies and major organisations since most third party risk programmes began. We understand how these programmes actually work in practice.
Human Expertise, Not Just Software
While others rely on automated tools and questionnaires, our seasoned security consultants conduct thorough risk assessments including on-site evaluations. We find issues that software misses.
Practical, Not Academic
Our recommendations focus on real world implementation. We’ve been on both sides – as assessors and as organisations being assessed – so we know what actually works.
Integrated Compliance Support
Need SOC 2, ISO 27001, DORA or other compliance assessments alongside your third party reviews? We handle the full spectrum of security and compliance requirements in one engagement.
Related Services
Complete your risk management and compliance programme with our additional services
Compliance Reviews
ISO 27001, SOC 2, PCI DSS and other framework assessments to complement your third party reviews.
Cybersecurity Consultancy
Strategic security advice and programme development, including third party risk management frameworks.
Penetration Testing
Test the security of your own systems and those of critical third parties through comprehensive security testing.