Third party risk rating

A risk based approach to managing vendors

Published On: July 2, 2022none




Cyber Security Governance


Third parties are an important key to a company's success. Organizations of all sizes are increasingly relying on third parties for innovation, growth and digital transformation. However, a heavy reliance on third parties can be risky. The identification of third parties risk profile is fundamental to define the risk profile, the resilience and the reputation of a company supported by these third parties.
To safeguard the information assets from the early stages of the process, organizations must evaluate the criticality of suppliers from a security point of view through objective tools. This allows our clients to adjust their own strategy and define subsequent actions on the basis of what emerged during the analysis.


By a tailored approach, we can support our customer to objectively evaluate the criticality of suppliers from a security point of view using specific criteria.
The methodology we offer also allows for a ranking of suppliers in order to identify the most critical from a security point of view.
Only in this way, organizations can have a suppplier risk based overview that allows to correctly target and prioritize the actions to be taken to ensure a high level of security.


A well designed third party risk rating process is a key component of a comprehensive overall third party risk management program.
This type of rating, using objective risk factors, can help avoid disruptions by third parties, which can have a high impacts to an organization including: operating
performance, direct financial cost, addition of resources and lack of support. Application of the risk based methodology can also ensure effective resource allocation.



Units involved


Classified suppliers


Macro areas of security criteria defined

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