Continuous Third-Party Risk Management for Supplier and Supply Chain Cyber Risk

Why you need third party risk management

Supplier cyber risk extends your attack surface

Suppliers, SaaS platforms, MSPs, and partners often have access to your systems, data, or critical operations. Weak security controls in a third party become your risk and your responsibility.

Regulatory and commercial expectations are rising

Standards such as ISO 27001, NIST, PCI DSS, and Cyber Essentials increasingly require demonstrable third party risk management. Insurers and enterprise customers now expect evidence of ongoing supplier oversight, not point-in-time checks. 

Traditional approaches do not scale

Spreadsheet-driven processes and annual questionnaires cannot keep pace with growing supplier ecosystems. Without automation and structure, third party risk management quickly becomes unmanageable and ineffective.

Third-party cyber risk is one of the most common causes of security incidents, yet it remains one of the least mature risk disciplines in many organisations.

Third-party risk management (TPRM) is critical for organisations that rely on suppliers, partners, and service providers to operate. Every third party introduces cyber, data protection and operational risk, and those risks must be actively managed over time.

Our third-party risk management service helps organisations identify, assess, and continuously monitor supplier cyber risk. We move you away from spreadsheets and one-off questionnaires towards a scalable, defensible and ongoing approach to managing third-party risk.

The UK Cyber Security and Resilience Bill, which broadly aligns with the intent and structure of the EU’s NIS2 Directive, is a perfect example of a regulator increasing emphasis on the management of cyber risks arising from supply chains and third-party providers.

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What is third-party risk management (TPRM)?

Third-party risk management (TPRM) is the continuous process of identifying, assessing, managing, and monitoring the cyber, data protection, and operational risks introduced by third parties.

Effective third-party risk management answers four fundamental questions:

  1. Who are our third parties?
  2. Which suppliers pose the greatest risk?
  3. What risks do they introduce?
  4. Are those risks being actively managed over time?

TPRM is not a one-off assessment. It is an ongoing risk management capability that evolves as your supplier ecosystem and threat landscape change.

Our method

We deliver third-party risk management as a managed, platform-led service, combining proven methodology, automation, and expert support.

Our approach includes:

  • Building and maintaining a complete third-party inventory
  • Risk-based supplier tiering to focus effort where it matters most
  • Structured third party risk assessments aligned to recognised standards
  • Clear risk scoring and prioritisation linked to business impact
  • Ongoing monitoring, reassessment, and remediation tracking
  • Centralised reporting and evidence to support audits and assurance

Why companies trust Blackfoot

Organisations work with Blackfoot Cyber because we focus on outcomes, not tools.

Get Started with Third Party Risk Management

Whether you are building a third party risk management programme from scratch or improving an existing approach, we can help.

Start with a Third-Party Risk Management Readiness Assessment to understand your current supplier risk exposure and define a practical, scalable path forward.

Speak to an Expert

Call us on +44 (0) 203 393 7795

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