What is Third-Party Risk Management?
Third-Party Risk Management (TPRM) is the process of identifying, assessing and managing the risks introduced by suppliers, partners, vendors and other third parties. From a cyber security perspective, this means understanding how third parties access your systems, handle your data, support critical operations and affect your wider resilience.
It helps organisations identify which suppliers present the greatest risk, apply proportionate assurance activities and maintain oversight throughout the supplier lifecycle.
Why Third-Party Risk Management Matters
Your suppliers are an extension of your organisation. As supply chains become increasingly interconnected, weaknesses within third parties can expose critical systems, sensitive information and operational technology environments. At the same time, organisations are expected to demonstrate robust supplier assurance across frameworks including ISO 27001, the UK Cyber Assessment Framework (CAF), NIS2 and DORA.
Our End-to-End Third-Party Risk Management Services
We deliver end-to-end TPRM services spanning advisory, technology implementation and an ongoing managed service.
Advisory
Our TPRM advisory services benchmark your existing capability and design fit-for-purpose frameworks, governance models, supplier lifecycle processes, risk methodologies and operating models aligned to recognised frameworks.
TPRM Advisory Services:
TPRM Maturity Assessment
Benchmark your current TPRM capability against NIST CSF, ISO 27001:2022, and sector-specific frameworks. Identify gaps and define a target state.
Framework & Program Design
Design a fit-for-purpose TPRM framework covering governance, risk tiering methodology, supplier lifecycle, RACI, and KPI structure.
Supplier Assessment Support
We conduct proportionate third-party cyber security assessments on your behalf, including legacy suppliers. We manage questionnaire distribution, evidence review, risk scoring, and findings management either as a one-off surge to reduce backlog or integrated into your ongoing program.
Risk Methodology Development
Design a risk tiering methodology tailored to your organisation. We help define the criteria for classifying suppliers (i.e., High, Medium, Low risk) the align assessment requirements for each tier and produce the scoring tools your team needs to apply the methodology consistently.
RACI & Governance
Establish clear ownership and accountability across your supplier risk management process. We help define roles & responsibilities across your Procurement, Security, Legal, and Risk teams and produce a RACI model that fits your existing operating model.
Technology
Our TPRM technology services help you select, implement and optimise leading TPRM platforms. Our consultants have experience delivering platforms including Panorays and OneTrust, helping automate supplier onboarding, assessments, workflows and reporting while remaining vendor neutral.
TPRM Advisory Services:
Panorays Implementation
Deploy and configure Panorays as your TPRM Platform. We manage the full implementation lifecycle, platform set up, questionnaire configuration, automated scanning, workflow design and user acceptance and user training – so you go live with a fully operational system.
OneTrust TPRM Configuration
Configure your OneTrust vendor risk management module to meet your specific requirements. We integrate the platform with your existing workflow, desing your questionnaire and risk rating structure and onboard your supplier inventory.
Platform Evaluation
Unsure which TPRM platform is right for you? We run a structured tooling selection process mapping your organisational requirements against leading platforms and give you a clear unbiased recommendation before you commit to any investment.
Why Choose Bridewell for TPRM?
CNI and regulated sector specialists
We understand the cyber security, resilience and regulatory pressures facing organisations operating in critical and highly regulated environments.
Assured by the NCSC for Risk Management
Our risk management expertise is independently assured by the NCSC, attesting the quality of our service.
Focused on cyber, not just compliance
Our approach goes beyond policy and process. We help organisations understand how third-party relationships can affect systems, data, operations and resilience.
Experienced in TPRM technology delivery
Our consultants have experience delivering Panorays and OneTrust, supporting supplier onboarding, questionnaire workflows, platform configuration and reporting.
Regulations and Frameworks
We help organisations align their Third-Party Risk Management programmes with ISO 27001:2022 supplier controls, the UK Cyber Assessment Framework (CAF), NIS2, DORA and other sector-specific requirements.
Customer Success Stories
Frequently Asked Questions
Suppliers should be assessed according to their risk profile. High-risk and critical suppliers may require more frequent assessment, continuous monitoring and regular governance reporting, while lower-risk suppliers may only need periodic review.
Why Us?
Awards
Our team have won numerous industry awards, including 'Cyber Security Company of the Year' at the Cyber Security Awards 2026 and Best Cyber Security Service Provider' at the Cyber Security Awards 2025.
Certifications
Our people and services are highly accredited by leading industry bodies including CREST, the NCSC, and more. Our SOC holds extensive accreditations from CREST (including for CSIR and SOC2) and works closely with our cyber consultancy services.
Partnerships
As a Microsoft Partner, we also hold advanced specialisms in Cloud Security and Threat Protection. We’ve also implemented some of the UK’s largest deployments of the Microsoft Security stack, inc. Sentinel, Defender, Purview and more.