Your Vendors’ Risks Are Your Risks — Stay Compliant, Stay Protected
Most data breaches today trace back to third parties — cloud providers, SaaS apps, payment processors, IT service vendors. Regulators are clear: under DPDP Act (India), Data Fiduciaries remain responsible for vendor breaches; under GDPR (EU), Data Controllers are accountable for their Processors.
Summary: If your vendor fails to secure data, your company pays the penalty — with fines reaching ₹250 crore (DPDP Act) or €20M / 4% of global turnover (GDPR).
MYITMANAGER’s Third-Party Risk & Vendor Assessment services give you the visibility, control, and assurance needed to manage vendor risks, meet compliance, and build customer trust.
Why It Matters
- Avoid Regulatory Penalties – Liability remains with you, not your vendor.
- Full Supply Chain Assurance – Manage risks across your vendor ecosystem.
- Compliance-Ready – Aligns with DPDP Act, GDPR, HIPAA, SOC 2, PCI DSS, ISO 27001.
- Global Best Practices – Frameworks aligned with ISO 27036, NIST, and industry standards.
- Cost-Effective Value – Enterprise-grade vendor risk oversight at reasonable costs.
What We Do
- Vendor Risk Tiering & Classification – Prioritize high/medium/low risk vendors.
- Due Diligence Questionnaires – Evaluate vendor security & privacy practices.
- Contract & DPA Reviews – Ensure vendor agreements meet legal obligations.
- Onboarding & Offboarding Reviews – Assess vendor risks at every lifecycle stage.TPRM Tool Evaluation & Setup – Help you select and configure the right vendor risk platform for ROI.
- Continuous Monitoring – Ongoing reviews, threat intel, and scorecards.
- Remediation Guidance – Practical steps for vendors to improve compliance.
Deliverables
- Vendor Risk Register with risk ratings & remediation priorities.
- Vendor Assessment Reports with compliance gaps.
- Standardized Checklists & Questionnaires (ISO, NIST, GDPR, DPDP Act).
- Contract & DPA Review Findings.
- TPRM Tool Evaluation Report (best fit vs budget).
- Executive Dashboards for management and auditors.
Who Needs This Service?
- Organizations with a large or critical vendor ecosystem (cloud, SaaS, IT, BPO, fintech, payments).
- Companies subject to DPDP Act, GDPR, HIPAA, SOC 2, PCI DSS, or ISO 27001 audits.
- Businesses needing to select and optimize a TPRM tool/platform.
- Enterprises seeking continuous, global-standard vendor oversight.
With MYITMANAGER’s Third-Party Risk & Vendor Assessment services, you gain global experience, certified expertise, and enterprise-grade tools to ensure your vendors don’t become your weakest link.
Contact Us Today to safeguard your business against third-party risks and compliance penalties.