Other Risk & Compliance Resources
Take advantage of white papers, ebooks, and other resources about managing internal and external risk.
Third-Party Risk Management Compliance Solutions
Automate manual TPRM processes with streamline assessment and reporting across 50+ regulations and best-practice frameworks.
Meet third-party compliance mandates and regulatory guidelines with speed, efficiency and scale.
As data breaches, supply chain disruptions, and other incidents are increasingly traced to vendors and suppliers, more industry and government regulations are requiring organizations to implement policies for effectively managing third-party risk.
Prevalent offers a single, unified third-party risk management (TPRM) platform that streamlines your compliance initiatives by automating risk assessment, monitoring, analysis and reporting throughout the vendor lifecycle.
Explore Mitratech Capabilities for Third-Party Risk Compliance
The Mitratech TPRM solution combines AI-powered risk assessments with continuous risk monitoring and remediation management across the entire third-party lifecycle - from onboarding to offboarding.
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Expert Consulting
Design a new TPRM program, or optimize your existing program, with professional services and managed services experts.
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Assessments Library
Leverage a library of 200+ standard assessments, or build your own custom surveys, backed by fully automated workflow management.
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Continuous Monitoring
Conduct continuous cyber, operational, reputational and financial monitoring to reveal potential third-party risks and inform prioritization and risk awareness.
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Fine Tuning
Tune analysis and scoring to your organization’s specific risk tolerances and other unique business requirements.
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Framework Mapping
Map answers to control frameworks to measure compliance, project future risks, predict business outcomes, and gain remediation recommendations.
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Tailored Reports
Communicate compliance and risk status across the vendor landscape with reports tailored to assessors, executives and other stakeholders.
Mitratech Third-Party Risk Management Solutions
Request a DemoRequirements and Guidelines Addressed by Mitratech TPRM
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Cybersecurity Frameworks
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Cybersecurity Frameworks
Adhere to guidelines, best practices and standards for identifying, assessing, and managing third-party cybersecurity risks to your organization.
Key Frameworks
- CAIQ – Cloud Security Alliance
- CIS Controls 15 and 17 – Center for Internet Security
- CMMC – U.S. Department of Defense
- Executive Order on Improving the Nation’s Cybersecurity
- ISO 27001, 27002 & 27036-2 – International Standards Organization Controls
- NCSC Supply Chain Cyber Security Guidance – UK National Cyber Security Centre
- NIST AI Risk Management Framework – National Institute of Standards and Technology
- NIST CSF v2.0 – National Institute of Standards and Technology
- NIST SP 800-53 – National Institute of Standards and Technology
- NIST SP 800-161 – National Institute of Standards and Technology
- PCI DSS – Payment Card Industry
- SEC Cybersecurity Disclosure Rules – U.S. Securities and Exchange Commission
- SIG Questionnaire – Shared Assessments
- SOC 2 – American Institute of Certified Public Accountants (AICPA)
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ESG Regulations
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ESG Regulations
Review and report on environmental, social and governance practices and performance in your extended supply chain.
Key Frameworks
- CSDDD – EU Corporate Sustainability Due Diligence Directive
- Corporate Due Diligence and Accountability – EU Draft Directive on Corporate Due Diligence and Corporate Accountability
- CTSCA – California Transparency in Supply Chains Act
- CSRD – EU Corporate Sustainability Reporting Directive
- FCPA – U.S. Foreign Corrupt Practices Act
- Forced Labour Act – Canadian Fighting Against Forced Labour and Child Labour in Supply Chains Act
- German Supply Chain Due Diligence Act
- UK Bribery Act of 2010
- UK Modern Slavery Act of 2015
- EBA Guidelines on the Management of ESG Risks – European Banking Authority
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Industry Guidelines
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Industry Guidelines
Review and report on environmental, social, and governance practices and performance in your extended supply chain.
Key Guidelines
- APRA CPS 234 – Australian Prudential Regulation Authority
- DORA – EU Digital Operational Resilience Act
- EBA Outsourcing Guidelines – European Banking Authority
- FCA FG 16/15 – UK Financial Conduct Authority
- FFIEC IT Examination Handbook – Federal Financial Institutions Examination Council
- GxP – Good [Industry] Practice
- Interagency Guidance on Third-Party Relationships – U.S. Federal Reserve, FDIC and OCC
- KYC – Know Your Client
- MAS Guidelines on Outsourcing Third-Party Arrangements – Monetary Authority of Singapore
- NIS2 – Network and Information Security Directive 2
- NERC – Critical Infrastructure Protection (CIP) Standard
- NERC – Security Guideline for the Supply Chain Cyber Security Risk Management Lifecycle
- NERC – Security Guideline for the Vendor Risk Management Lifecycle
- NY CRR 500 – New York State Department of Financial Services
- OSFI B-10 – Canadian Government Office of the Superintendent of Financial Institutions
- OSFI B-13 – Canadian Government Office of the Superintendent of Financial Institutions
- PRA SS2/21 – Bank of England Prudential Regulation Authority
- TISAX – Trusted Information Security Assessment Exchange
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Data Privacy Regulations
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Data Privacy Regulations
Ensure that third-party vendors and service providers are able to safeguard personal information and prevent its misuse.
Key Privacy Regulations
- CCPA and CPRA – California Consumer Privacy Act & California Privacy Rights Act
- GDPR – General Data Protection Regulation
- GLBA – Gramm-Leach-Bliley Act Safeguards Rule
- HIPAA – Health Insurance Portability and Accountability Act
- NIST SP 800-66 – National Institute of Standards and Technology
- NY SHIELD Act – New York State Stop Hacks and Improve Electronic Data Security Act
- PDPA – Singapore Personal Data Protection Act
- Québec Law 25 – Québec Private Sector Act
Why is Third-Party Risk Management a Challenge for Many Organizations?
Manual Processes
50%
of companies still use spreadsheets to manage third parties.
Lifecycle Gaps
29%
of companies say they track third parties throughout the relationship lifecycle, leaving gaps in risk coverage.
Limited Visibility
33%
of vendors are missed in the risk assessment process.
What are the Benefits of Third-Party Risk Management?
Scale for Growth
Automated TPRM processes enable teams to assess more third parties more accurately, matching the speed of the business.
FAQs: Your Third-Party Risk Management Solution Questions, Answered.
How do Third-Party Risk Management (TPRM) solutions work?
TPRM solutions centralize vendor data, automate assessment processes, and provide continuous monitoring of third-party risks. Many solutions also offer reporting tools, compliance frameworks, and risk remediation guidance to help you make informed decisions regarding your third-party vendors. Meanwhile, TPRM solutions automate processes like due diligence, risk monitoring, and compliance tracking to streamline operations and improve security.
Which industries benefit the most from TPRM solutions?
Industries like healthcare, finance, legal, retail, and manufacturing benefit significantly due to their heavy reliance on third-party vendors and strict regulatory environments.
Why should my organization invest in a TPRM solution?
A TPRM solution reduces manual effort, ensures regulatory compliance, and provides real-time visibility into vendor risks. By automating manual processes like assessments and monitoring, TPRM solutions save time, reduce labor costs, and minimize financial losses caused by vendor-related risks or non-compliance issues.
What features should I look for in a TPRM solution?
The right third-party risk management solution will offer:
- Automated vendor assessments and risk scoring
- Real-time monitoring of vendor performance and compliance
- Reporting and analytics dashboards
- Integration with regulatory frameworks
- Scalable functionality for growing vendor networks
- Support for remediation and response planning
- Managed services options to offload vendor management
Can Mitratech’s TPRM solution integrate with my existing systems?
Yes, Mitratech TPRM solutions are designed to integrate seamlessly with your existing systems and applications, ensuring a unified approach to risk management.
Is this a TPRM solution suitable for small to medium-sized businesses?
Absolutely! Mitratech TPRM solutions offer flexible plans tailored to businesses of all sizes, helping smaller organizations manage vendor risks effectively without straining resources.
What is the difference between third-party risk management and vendor risk management?
While often used interchangeably, vendor risk management (VRM) is considered a specialized area within the broader practice of third-party risk management (TPRM). VRM deals with risks tied to vendors, while TPRM addresses risks across all types of third-party relationships.
©2025 Mitratech, Inc. All rights reserved.
©2025 Mitratech, Inc. All rights reserved.