Vendor & Third-Party Risk Management

Comprehensive Vendor Risk Management for Startups and SMBs

In today’s interconnected business environment, your organisation’s security depends not only on your internal controls but also on the cybersecurity posture of your vendors and third-party service providers. Phenomlab offers specialised Vendor & Third-Party Risk Management services tailored to help startups and small to medium-sized businesses identify, assess, and mitigate risks across their supply chains.

Our proactive approach ensures your vendors comply with your security standards and regulatory obligations, reducing the risk of breaches, operational disruptions, and compliance failures originating outside your organisation.

Why Vendor & Third-Party Risk Management Matters

Third-party vendors can introduce significant cybersecurity and compliance risks. Data breaches or service failures stemming from a supplier can lead to regulatory penalties, financial loss, and damage to your reputation.

By implementing a robust vendor risk management program, your organisation can:

• Gain full visibility into the security posture of critical vendors

• Reduce supply chain vulnerabilities through thorough risk assessments and contract controls

• Ensure regulatory compliance with frameworks like GDPR, HIPAA, and SOC 2

• Enhance incident preparedness involving third parties

• Establish ongoing monitoring and governance for sustained risk reduction

Vendor Risk Assessments

We perform comprehensive security and compliance evaluations of your third-party vendors, assessing their controls, practices, and overall risk levels to your organisation.

Contract and SLA Reviews

Our experts review vendor contracts and service level agreements to ensure they include strong cybersecurity clauses and compliance requirements, safeguarding your interests.

Continuous Vendor Monitoring

We implement ongoing monitoring processes and tools to track your vendors’ cybersecurity posture and alert you to emerging risks or compliance deviations.

Incident Coordination & Response

We help define clear roles and processes for managing security incidents involving third parties, ensuring swift communication and coordinated action when needed.

Governance, Training & Awareness

Phenomlab supports your organisation in embedding vendor risk management into your corporate governance frameworks, supplemented by targeted training programs to raise awareness.

Benefits of Our Vendor Risk Management Program

• Reduced exposure to third-party risks affecting your business continuity

• Improved compliance posture meeting regulatory and contractual obligations

• Stronger contracts that enforce cybersecurity requirements on suppliers

• Enhanced operational resilience through coordinated incident response planning

• Ongoing risk visibility and management through continuous monitoring

• A culture of vendor risk awareness embedded across your organisation

Why Partner with Phenomlab?

With extensive experience securing startups and SMBs against third-party risks, Phenomlab delivers practical, scalable vendor risk management solutions that fit your business size and complexity. Our founder-led approach ensures you work directly with senior experts dedicated to protecting your supply chain and supporting sustainable growth.

Ready to Strengthen Your Vendor Risk Management?

Contact Phenomlab today to discuss how our Vendor & Third-Party Risk Management services can help safeguard your business and build trust with customers and regulators.