Manage third-party risk across your digital supply chain

Get comprehensive, AI-accelerated visibility into the vendors, assets, and digital footprint of every third party (and beyond) in your network, whether you work with them directly or indirectly.

THIRD-PARTY RISK MANAGEMENT

It's more than governance. Let's talk about exposure.

Vendors and third-party partners help your business grow and stay competitive, but they’re also increasingly exposing you to cyber risk. In our interconnected ecosystem, a single point of failure can cascade into a nationwide–and often global—crisis. Traditional third-party risk management approaches, reliant on periodic assessments and static controls, are proving inadequate in the face of such dynamic threats. The world has changed, and how we think about managing third-party risk needs to change as well.

Artificial intelligence is rapidly bringing this new model to life, and Bitsight has been at the forefront. We’ve embedded AI across our integrated cyber risk intelligence platform and Third-Party Risk Management solutions, including real-time insights, automated assessments, and dynamic vulnerability scoring. Bitsight AI is doing more than augmenting existing TPRM workflows. It’s reimagining them.

End-to-end business outcomes.

70%

Reduction in vendor on-boarding time

75%

Reduction in probability of breach via third party

68K

Vendors in our network, growing at over 40% YoY

Featured third-party risk management solutions.

Vendor Risk Management

Assess more vendors, faster

Don’t let risk assessments be a bottleneck. With Vendor Risk Management, you can ensure that third-parties are within your organization’s risk tolerance and manage hundreds of vendors as effectively as you manage ten.

Increase efficiency with a network of over 68,000 vendor profiles (and growing)
Accelerate onboarding with automated assessments
Summarize SOC 2 reports in seconds with Bitsight AI
Validate vendor responses with objective data and evidence

Continuous Monitoring

Stay ahead with real-time visibility into vendor security performance.

Managing vendor risk is no longer about annual assessments—it’s about continuous oversight. Bitsight Continuous Monitoring gives you always-on, objective insight into your third parties’ cybersecurity posture, helping you prioritize resources, detect emerging threats, and drive more informed decisions across your digital ecosystem.

Surface what matters using objective, evidence-based insights tied to real-world breach and ransomware risk
Accelerate response with access to historical context and risk analytics
Discover fourth-party product usage automatically

Vulnerability Detection

Detect and respond to zero-day vulnerabilities

As threats evolve, all eyes are on your digital ecosystem. Bitsight Vulnerability Detection & Response gives you the confidence to handle unforeseen major security events across third parties.

Initiate vendor outreach and track responses to critical vulnerabilities
Identify and prioritize exposed vendors with the most extensive third-party vulnerability research
Leverage our proprietary DVE score to evaluate the likelihood of a vulnerability being exploited
Distribute templated questionnaires to your vendors to quickly assess exposure and increase response rate

Trust Management Hub

Scale your customer security reviews

Security reviews and assessments are an unavoidable part of doing business, and for good reason. With Trust Management Hub, you can manage security review requests and share your information with just a few clicks, all through one intuitive portal.

Let sales initiate sharing while you maintain full control of every document
Prevent non-security staff from saving outdated documents
Include questionnaires such as SIG Core and Lite, certifications like SOC and ISO, and attestations

Reveal, remediate, and monitor supply chain risk.

Market-leading cyber risk data

Prioritize, mitigate, and report on risk across your portfolio.

Objective universal standard

Leverage the only metrics verified to correlate to breaches.

Actionable risk insights

Make risk-based decisions to improve efficiency and effectiveness.

AI that drives outcomes

Instant control mapping, compliance reviews, and context.

Trusted by 3,500+ global organizations

Professional services

Part of your team.

Looking to ramp up your third-party risk management program within weeks? Wanting to delegate certain tasks so you can focus on strategic projects? Our best-in-industry professional services team is here to help.

## Quality matters.  For data, it matters more.

Bitsight operates one of the largest risk datasets in the world, combining Artificial Intelligence with the experience and knowledge from dedicated technical researchers to map the linkages across entities and provide the most accurate view of your attack surface within our solutions.

We leverage knowledge on millions of entities, continuously updated by researchers to create a unique AI training set. The training set enables us to identify relationships between data sources, assess confidence, and attribute assets at internet scale.

The result is a truly unique view of the internet — and your organization—to offer insights on assets, third-party relationships, vulnerabilities, and other indicators of security diligence to help you effectively manage risk.

Digital supply chain management Resources

Insights, guides, and tools.

Bitsight Third-Party Risk Management FAQ

What is third-party risk management?

Third-party risk management is the practice of identifying and minimizing the risks posed by vendors, suppliers, partners, and other organizations in the supply chain. Including cybersecurity requirements as early as the procurement phase of a vendor relationship, and continuous monitoring of vendors, are key to effective third-party risk management. By constantly monitoring the security posture of vendors, companies can take steps to remediate security threats in vendor relationships or cut ties with vendors that represent the greatest risks.

What is third-party risk?

Third-party risk encompasses the threats to a company posed by vendors and organizations in its supply chain that are connected to its network data. Cyber threats are one of the most significant forms of third-party risk, potentially leading to data breaches that can impact a company’s finances, operations, reputation, and compliance efforts. Many companies fall prey to this third-party risk by wrongly assuming that their vendors have effective cybersecurity programs in place.

What types of risks does TPRM help manage?

Third-party risk management programs address a wide range of risks, including:

Critical Exploits: Unpatched systems or weak controls can open the door to attackers.
Data Breaches: If a vendor is breached, your data and your clients data could be exposed too.
Regulatory/Compliance Risk: Non-compliance by vendors, stemming from regulations like GDPR, PCI-DSS, HIPAA, puts your organization at legal and audit risk.
Operational Disruption: Outages or supply chain issues at a vendor can impact your business.
Reputational Damage: Vendor incidents can erode customer trust and investor confidence.
Legal Exposure: Breaches involving PII or regulated data can lead to lawsuits or fines.

Who is typically responsible for managing third‑party risks?

TPRM is a cross-functional effort:

Security teams (SOC, risk, GRC) drive risk evaluations and oversight
Procurement, legal, and compliance embed contractual and policy requirements
Executive leadership and stakeholders ensure alignment with risk appetite and regulatory demands

What tools or methods are used for managing third‑party risk?

Best practices for third-party risk management methods include:

Security Ratings & continuous monitoring (like Bitsight’s daily external ratings) for objective, real-time visibility
Risk-tiered questionnaires and assessments, tailored by vendor criticality
Vendor tiering, mapping each vendor’s risk and access level for prioritized oversight
Cyber Threat Intelligence (CTI) integration to detect emerging threats within vendor ecosystems
Contractual controls, SLA clauses, and compliance requirements embedded in onboarding documents

Why should businesses care about TPRM?

Third-party and supplier relationships significantly increase your attack surface. Breaches originating from vendor environments can have devastating financial, operational, and reputational consequences. Even if your immediate vendors are secure, their downstream partners (fourth-parties) may harbor hidden risks.