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Third-Party Risk Management

Third-Party Risk as a Program.

Service overview

Most organizations don’t know which vendors have access to their critical systems — let alone whether those vendors can be trusted. Sitoo builds and runs your TPRM program end-to-end: vendor inventory, risk tiering, assessment, contractual controls, and ongoing monitoring. You get a defensible program your auditors, insurers, and partners will accept.

Aligned to NIST SP 800-161r1, ISO 27036, DORA, and Shared Assessments SIG — every vendor assessed against defined risk criteria.
Vendor InventoryRisk TieringVendor AssessmentsContract ReviewOngoing MonitoringNIST 800-161
Executive Summary

The Vendor Risk Nobody Is Actually Managing.

Third-party risk is the compliance checkbox that gets filled in with a spreadsheet and forgotten. Sitoo treats it as an operational program — defined ownership, repeatable assessment methodology, contractual enforcement language, and monitoring cadences that don’t collapse the moment a vendor sends back a questionnaire. The result is a program your auditors can test, your insurers can score, and your leadership can defend.

Business Problem Solved

The Vendor You Trusted That You Shouldn’t Have.

A breach traced to a third-party vendor is still your breach — your regulatory obligation, your client notification, your reputational exposure. Most organizations have no formal vendor inventory, no risk tiering, no contractual security requirements, and no monitoring cadence. Sitoo closes every one of those gaps with a program built for your actual vendor population and risk tolerance.

Who This Is For

Is This Right for Your Business?

Organizations sharing data with vendors but with no formal vendor risk assessment process
Companies under SOC 2, ISO 27001, DORA, or NIST CSF with a third-party risk control gap
Businesses that experienced a vendor-related incident or near-miss and need a defensible program retroactively
Teams that send SIG or custom questionnaires but never score, track, or act on the responses
Organizations whose cyber insurer flagged third-party risk as an unresolved exposure
Legal or procurement teams needing standardized security language in vendor contracts
Common Pain Points

What We Fix

No vendor inventory

You don’t have a complete list of which vendors touch your systems, data, or infrastructure. Managing vendor risk starts with knowing who your vendors actually are.

Questionnaires with no follow-through

You send SIG or custom questionnaires. Vendors respond. Nothing gets scored, nothing gets tracked, and high-risk findings sit in an inbox.

Contracts with no security teeth

Your vendor agreements have no right-to-audit clause, no breach notification SLA, no security baseline requirements, and no remediation obligations.

No monitoring after onboarding

Vendor risk is assessed once at onboarding and never revisited. Business relationships change, vendors get acquired, certifications lapse.

What Is Included · Typical Deliverables

Deliverables & Scope

Every engagement produces defined, tangible deliverables. No open-ended hours.

Vendor Inventory & Tiering

Complete vendor population mapped, classified by data sensitivity, system access, and business criticality (Critical / High / Medium / Low).

Vendor Risk Assessments

Questionnaire-based scoring using SIG Lite, SIG Core, or custom methodology. Scored findings, identified gaps, and remediation tracking per vendor.

TPRM Program Documentation

Policy, procedure, workflow design, escalation criteria, and RACI — aligned to NIST SP 800-161r1 and ISO 27036.

Contract & Clause Review

DPA review, security addenda, right-to-audit language, breach notification SLAs, and SLA redlining for vendor agreements.

Ongoing Monitoring Program

Periodic reassessment cadences, trigger-based reviews (M&A, incidents, cert lapses), and defined re-tier criteria.

Executive & Audit Reporting

Board-level vendor risk dashboard, audit-ready evidence package, and regulator-defensible documentation.

Engagement Model

How the Engagement Works

01

Vendor Inventory & Tiering

Complete inventory and tiering within 10 business days. Critical / High vendors identified for priority assessment.

02

Assessment & Program Build

Tier-appropriate assessments executed in parallel with program documentation. Findings scored, remediation tracked.

03

Monitoring Handoff or Retainer

Program transitioned to your team with full documentation, or run on retainer with defined cadences and trigger events.

Expected Outcomes

What You Will Have at Engagement End.

A defensible vendor inventory

Every vendor with data or system access mapped, classified, and accounted for in a single authoritative source.

Tier-appropriate vendor assessments

Critical and High vendors assessed and scored. Findings tracked to remediation. No more questionnaires sitting in an inbox.

Contracts with security teeth

DPA language, right-to-audit, breach notification SLAs, and remediation obligations standardized across your vendor agreements.

A program your auditors will accept

Documentation, evidence, and reporting that satisfies SOC 2 (CC9.2), ISO 27001 A.5.19–23, NIST CSF (ID.SC), and DORA Article 28–30 requirements.

Relevant Compliance & Security Drivers

Frameworks This Service Maps To.

NIST SP 800-161r1 (C-SCRM) ISO 27036 DORA (Articles 28–30) Shared Assessments SIG FFIEC IT Handbook SOC 2 (CC9.2) ISO 27001 (A.5.19–A.5.23) NIST CSF (ID.SC) CIS Controls v8 (Control 15) HIPAA Business Associate Agreements

Ready to Get Started?

Two ways to move forward — pick whichever fits where you are. We confirm fit before any work begins.

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