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Third Party Security Risk Assessment
Trust, But Verify – Secure Your Digital Supply Chain
Your business is only as secure as its weakest vendor. In today’s hyperconnected ecosystem, third-party providers—cloud platforms, SaaS vendors, logistics partners, IT contractors—are integral to operations but also introduce substantial cybersecurity risks. The more partners you work with, the more exposure your organization inherits.
At Indus Logix, our Third Party Security Risk Assessment helps organizations regain control by identifying and mitigating external risk vectors. We assess the security posture of your vendors, service providers, and partners using a blend of technical audits, policy reviews, and risk modeling frameworks to ensure that third-party relationships don’t become single points of failure.
Why It Matters:
Recent years have seen a sharp increase in high-profile breaches stemming from third-party compromise—SolarWinds, MOVEit, and countless others. These events show that even well-secured organizations can be breached through the backdoor of a vendor.
Regulatory bodies now expect businesses to take accountability for the security of their vendors. Whether you’re complying with GDPR, HIPAA, RBI Guidelines, or ISO 27001, third-party risk management is no longer optional—it’s mission-critical.
A proactive third-party risk assessment not only meets compliance requirements but also builds resilience across your supply chain and customer data ecosystem.
What We Do / Key Areas
We help you identify, evaluate, and manage risks introduced by your vendors and partners through:
Vendor Inventory and Risk Categorization:
Classify vendors based on access level, data sensitivity, and business impact to prioritize assessments.
Security Due Diligence Review:
Evaluate vendor policies, certifications (e.g., ISO 27001, SOC 2), incident history, and data handling procedures.
Technical Risk Testing:
Conduct vulnerability assessments and penetration testing on exposed third-party systems (where allowed).
Questionnaire Design & Compliance Mapping:
Create and manage security questionnaires aligned to regulatory and industry standards (e.g., NIST, GDPR, RBI).
Contract & SLA Risk Review:
Analyze agreements to ensure security clauses, liability, and breach notification terms are clearly defined.
Continuous Monitoring Setup:
Integrate tools that provide ongoing visibility into vendor risk (threat feeds, breach databases, IP reputation checks).
Risk Scoring & Recommendations:
Score each vendor’s risk posture and provide actionable remediation and oversight plans.
Third-Party Termination Risk Analysis:
Assess risk impact and controls for offboarding or replacing high-risk vendors.
Why Indus Logix?
End-to-End Vendor Risk Framework
From onboarding to termination, we embed cybersecurity into every stage of your third-party lifecycle.
Tailored Risk Profiling
We build industry-specific risk models that prioritize vendors based on data sensitivity, service type, and threat exposure.
Compliance-Ready Outputs
Our assessments generate reports aligned with ISO 27001, GDPR, RBI, HIPAA, and PCI DSS requirements—ready for audit.
Real-World Impact
Success in Action 1:
Banking Vendor Audit for RBI Compliance A private sector bank faced scrutiny for its outsourced payment processing. Indus Logix performed a third-party risk review of the vendor, covering controls, physical security, and data encryption. We helped align their SLA and practices with RBI cybersecurity directives, avoiding regulatory penalties.Success in Action 2:
SaaS Supply Chain Risk Exposure A software firm used over 40 SaaS tools with minimal visibility into their security posture. Our team conducted a risk stratification exercise, performed questionnaire audits, and flagged 6 vendors for urgent remediation. The client introduced new onboarding controls based on our framework.Success in Action 3:
Contract Risk Review in Pharma Industry A pharmaceutical company was sharing clinical trial data with international CROs. Indus Logix reviewed contracts and found missing breach clauses. We helped draft new data handling and liability terms and guided the client through a full third-party governance policy rollout.Third-party relationships power your business—don’t let them become your greatest security gap. Indus Logix helps you take control of vendor risk with precision, process, and clarity.
Ready to assess your third-party ecosystem? Let Indus Logix secure your digital supply chain from the outside in. Reach out today.