CyberScore
TPRM Rankings
TPRM Rankings
Navigate the complex landscape of third-party risk management regulatory requirements across industries and regions
Explore RegulationsThird-party risk management regulations continue to evolve globally with increasing scrutiny and expectations
Cross-border regulations affecting multinational organizations and their third-party ecosystems
Sector-focused regulatory frameworks with unique requirements for different industries
Data protection and security requirements affecting vendor management across jurisdictions
New and evolving regulatory expectations that organizations need to prepare for
Navigate regulations by region to understand your compliance obligations
Outlines expectations for national banks and federal savings associations regarding third-party relationships, emphasizing comprehensive risk management throughout the relationship lifecycle.
New York Department of Financial Services Cybersecurity Regulation requires financial institutions to implement comprehensive cybersecurity programs including third-party risk management.
Requires covered entities to have business associate agreements (BAAs) in place with vendors handling protected health information (PHI).
General Data Protection Regulation imposes strict requirements on data controllers when engaging data processors, with specific contractual obligations.
European Union regulation focused on digital operational resilience for financial entities, with specific requirements for ICT third-party risk management.
European Banking Authority guidelines on outsourcing arrangements provide detailed expectations for bank vendor management.
The Network and Information Security 2 Directive strengthens security requirements for critical entities with provisions for supply chain security.
Monetary Authority of Singapore Technology Risk Management Guidelines establish expectations for financial institutions' management of technology and third-party service providers.
Australian Prudential Regulation Authority's Prudential Standard CPS 231 on Outsourcing sets requirements for management of outsourcing arrangements by regulated entities.
Personal Data Protection Acts across Asia-Pacific jurisdictions (Singapore, Thailand, Malaysia, etc.) impose requirements on organizations transferring personal data to third parties.
International standard for information security management systems with specific controls related to supplier relationships in Annex A.15.
Payment Card Industry Data Security Standard requirements for managing service providers that handle cardholder data or could impact cardholder data security.
National Institute of Standards and Technology Cybersecurity Framework includes supply chain risk management in the Identify (ID.SC) category.
Service Organization Control 2 (SOC 2) reports on the effectiveness of internal controls related to security, availability, processing integrity, confidentiality, and privacy.
Explore regulatory requirements specific to different sectors
Financial institutions must conduct thorough risk assessments of third parties, with oversight by senior management and the board of directors.
Comprehensive pre-contract evaluation including financial condition, reputation, compliance history, and security/privacy practices.
Robust contracts with explicit security, compliance, audit rights, subcontractor management, and incident reporting provisions.
Regular assessment of third-party performance, compliance, security posture, and financial stability throughout the relationship.
Documented exit strategies for critical service providers, with testing and validation of transition capabilities.
Identification and management of dependencies on key service providers across the institution and the broader financial system.
Formal agreements required for vendors handling protected health information (PHI), detailing security and privacy obligations.
Implementation of administrative, technical, and physical safeguards to protect health information in accordance with HIPAA Security Rule.
Procedures for vendors to report security incidents and breaches involving patient data, with clear timelines and responsibilities.
Regular evaluation of potential risks and vulnerabilities to PHI confidentiality, integrity, and availability.
Specific controls for vendors providing connected medical devices or related services, including vulnerability management.
Maintenance of policies, procedures, security assessments, and vendor management documentation for regulatory review.
Specific requirements for service providers handling payment card data, including PCI DSS compliance validation and documentation.
Due diligence for vendors processing customer personal information, with contractual provisions aligned to relevant privacy laws.
Security controls for third-party platforms, payment processors, and plug-ins used in online retail environments.
Documentation and verification of supply chain practices, particularly for regulated product categories or regions with specific requirements.
Security requirements for third parties developing or supporting mobile applications used in retail environments.
Requirements for third parties with access to customer data for marketing purposes, including consent management and data use limitations.
Requirements for securing development pipelines, component verification, and vulnerability management throughout the software supply chain.
Specific oversight requirements for cloud service providers, including security certifications, data location controls, and access management.
Controls for hardware components and manufacturing partners to prevent tampering, counterfeiting, or introduction of malicious elements.
Emerging requirements for third parties providing AI components or services, including transparency, explainability, and bias mitigation.
Security controls for third-party APIs and data exchange interfaces, including authentication, encryption, and monitoring requirements.
Requirements for vendors with access to sensitive data, including data classification, retention, transfer, and deletion practices.
A structured approach to meeting regulatory requirements across jurisdictions
Identify applicable regulations based on your organization's geographic footprint, industry, and third-party ecosystem.
Develop comprehensive TPRM policies and procedures that address all applicable regulatory requirements.
Implement robust processes for vendor assessment, contracting, and ongoing monitoring aligned with regulatory expectations.
Maintain comprehensive documentation of your TPRM program to demonstrate regulatory compliance.
Regularly test and validate your TPRM program to ensure ongoing compliance and effectiveness.
Get expert guidance on navigating the complex TPRM regulatory landscape
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