Definition

Vendor Risk

Risks arising from the involvement of external suppliers, service providers and partners.

AusfΓΌhrliche ErklΓ€rung

Vendor Risk is a central concept in cybersecurity and Third-Party Risk Management. It encompasses all risks that arise from engaging external parties β€” from data exposure to supply chain attacks. Under NIS2 and DORA, managing vendor risk is a regulatory requirement.

Business-Relevanz

For organisations subject to NIS2, DORA or ISO 27001, vendor risk is directly relevant. 360TPRM automates the monitoring and management of all associated risks across your entire supplier portfolio.

HΓ€ufige Fragen

What is vendor risk?
Risks arising from the involvement of external suppliers, service providers and partners.
Why is vendor risk relevant for TPRM?
Under NIS2 and DORA, vendor risk management is a regulatory requirement. 360TPRM automates monitoring and integrates risk data into supplier risk profiles.