PiSence
Third-Party Risk Management

Vendor & Third-Party Risk Assessment Services

PiSence helps organizations identify, assess, and manage security risks introduced by vendors, partners, and third-party service providers — reducing supply-chain exposure while meeting compliance requirements.

Modern organizations rely on third-party vendors for cloud services, software, data processing, and operations. Each vendor introduces potential security, privacy, and compliance risk.

Vendor Risk Management (VRM) ensures that third-party risks are identified, assessed, and managed in line with your organization’s risk appetite and regulatory obligations.

Why Vendor Risk Management Matters

  • Prevents supply-chain attacks and data breaches
  • Supports SOC 2, ISO 27001, PCI DSS, GDPR, and HIPAA requirements
  • Provides visibility into vendor security posture
  • Reduces regulatory, contractual, and reputational risk
  • Builds trust with customers and auditors

PiSence Vendor Risk Assessment Approach

Our vendor risk assessments go beyond questionnaires. We validate vendor claims through security analysis, evidence review, and risk-based evaluation aligned with your compliance obligations.

  • • Vendor inventory & criticality classification
  • • Security questionnaire review & validation
  • • Assessment of access to sensitive data
  • • Review of vendor security controls
  • • Evidence analysis (SOC reports, certifications)
  • • Application, API & infrastructure risk review
  • • Risk scoring & prioritization
  • • Remediation tracking & re-assessment

What Is in Vendor Risk Scope?

Vendor risk assessments apply to any third party with access to your systems, data, or business processes.

• Cloud & SaaS service providers
• Payment processors & FinTech partners
• IT & managed service providers
• Software vendors & APIs
• Data processors & analytics platforms
• Outsourcing & support vendors

What You Receive

• Vendor risk assessment reports
• Risk scoring & criticality ratings
• Identified security & compliance gaps
• Remediation recommendations
• Compliance-aligned risk documentation
• Ongoing vendor risk governance support

Who Needs Vendor Risk Management?

Enterprises & regulated organizations
SaaS & technology companies
Organizations with complex vendor ecosystems

Vendor Risk – Frequently Asked Questions

Is vendor risk management mandatory?
Often yes — it is required under SOC 2, ISO 27001, PCI DSS, GDPR, and HIPAA where third-party access exists.

Do we need to assess every vendor?
No. Vendors should be assessed based on risk and criticality.

How often should vendor risk be reviewed?
At least annually, and whenever vendor scope or access changes.

Reduce Third-Party Risk with Confidence

PiSence helps you manage vendor and supply-chain risk through clear, defensible, and compliance-aligned assessments.

Talk to a Vendor Risk Expert