Analyze Risk

Vendor risk assessment evaluates third-party security, privacy, and compliance standards against organizational requirements. Provide vendor documents such as security terms, data processing agreements, and public disclosures; the assessment outputs a risk score (Low, Medium, or High) with rationale and recommended controls for procurement and ongoing monitoring.

A Data Processing Agreement (DPA) defines how vendors handle personal data and must align with regulatory obligations. Risk assessment examines DPA terms against privacy laws, data protection controls, and organizational policies to identify gaps and recommend security controls before vendor onboarding.

Yes, vendor risk assessment applies across procurement, onboarding, and ongoing monitoring stages. Submit vendor documents early to receive a risk score and recommended controls, enabling informed procurement decisions and negotiation of security terms before contract execution.

Compliance review evaluates vendor adherence to applicable laws, regulations, and organizational policies like UW IT security standards. The risk score incorporates compliance findings alongside security and privacy assessments to produce a comprehensive vendor risk profile.

After risk scoring, use recommended controls to mitigate identified gaps through contract negotiation, security requirements, or monitoring plans. Controls guide remediation actions during vendor onboarding and establish baselines for ongoing compliance verification.

Risk assessment uses both formal vendor documents (security terms, DPA) and publicly available data from vendor websites. This dual-source approach ensures comprehensive evaluation of disclosed security practices, privacy policies, and compliance certifications.