Vendor Security Risk Assessment Framework

A Vendor Security Risk Assessment Framework is a third-party risk security assessment governance framework that can support vendor security risk assessment tasks.

• AKA: Third-Party Security Assessment Framework, Supplier Risk Evaluation Framework, Vendor Risk Management Framework.
• Context:
  • It can typically evaluate Vendor Security Postures through vendor security risk assessment questionnaires.
  • It can typically identify Vendor Compliance Gaps through vendor security risk assessment audits.
  • It can typically calculate Vendor Risk Scores through vendor security risk assessment metrics.
  • It can typically classify Vendor Criticality Levels through vendor security risk assessment categorization.
  • It can typically track Vendor Security Remediations through vendor security risk assessment monitoring.
  • ...
  • It can often require Security Certification Validations for vendor security risk assessment verification.
  • It can often mandate Penetration Testing Results for vendor security risk assessment technical validation.
  • It can often include Fourth-Party Risk Assessments for vendor security risk assessment supply chain coverage.
  • It can often establish Vendor Security Baselines for vendor security risk assessment benchmarking.
  • ...
  • It can range from being a Lightweight Vendor Security Risk Assessment Framework to being a Comprehensive Vendor Security Risk Assessment Framework, depending on its vendor security risk assessment depth.
  • It can range from being a Standardized Vendor Security Risk Assessment Framework to being a Customized Vendor Security Risk Assessment Framework, depending on its vendor security risk assessment flexibility.
  • It can range from being a Point-in-Time Vendor Security Risk Assessment Framework to being a Continuous Vendor Security Risk Assessment Framework, depending on its vendor security risk assessment frequency.
  • It can range from being a Qualitative Vendor Security Risk Assessment Framework to being a Quantitative Vendor Security Risk Assessment Framework, depending on its vendor security risk assessment measurement approach.
  • It can range from being a Self-Assessment Vendor Security Risk Assessment Framework to being an Independent Vendor Security Risk Assessment Framework, depending on its vendor security risk assessment validation method.
  • ...
  • It can integrate with Procurement Systems for vendor security risk assessment onboarding integration.
  • It can connect to Contract Management Platforms for vendor security risk assessment agreement tracking.
  • It can interface with GRC Platforms for vendor security risk assessment compliance mapping.
  • It can communicate with Threat Intelligence Platforms for vendor security risk assessment threat monitoring.
  • It can synchronize with Risk Register Systems for vendor security risk assessment risk aggregation.
  • ...
• Example(s):
  • Industry-Standard Vendor Security Risk Assessment Frameworks, such as:
    • ISO 27001-Based Vendor Assessment Framework, using ISO controls for vendor evaluation.
    • NIST Cybersecurity Framework Vendor Assessment, applying NIST CSF to third parties.
    • SOC 2 Vendor Assessment Framework, requiring SOC 2 compliance attestations.
  • Regulatory Vendor Security Risk Assessment Frameworks, such as:
    • GDPR Vendor Assessment Framework, ensuring data processor compliance.
    • HIPAA Business Associate Assessment Framework, validating healthcare vendor security.
    • PCI DSS Service Provider Assessment Framework, evaluating payment card industry vendors.
  • Domain-Specific Vendor Security Risk Assessment Frameworks, such as:
    • Cloud Service Provider Assessment Framework, evaluating cloud vendor security.
    • SaaS Vendor Security Assessment Framework, assessing software-as-a-service providers.
    • Critical Infrastructure Vendor Assessment Framework, evaluating essential service suppliers.
  • ...
• Counter-Example(s):
  • Internal Risk Assessment Framework, which evaluates internal systems not vendors.
  • Financial Risk Assessment Framework, which focuses on financial not security risks.
  • Project Risk Assessment Framework, which assesses project risks not vendor risks.
  • Credit Risk Assessment Framework, which evaluates creditworthiness not security posture.
• See: Third-Party Risk Management, Vendor Management Program, Supply Chain Security, Security Assessment Methodology, Risk Assessment Framework, Vendor Due Diligence Process, Continuous Monitoring Practice, Security Questionnaire, Vendor Lifecycle Management, Fourth-Party Risk Management, Vendor Compliance Management.

---