3rdRisk Platform

3rdRisk provides a software platform for third-party risk management, designed to help organizations automate and scale their vendor risk assessment processes. The company was founded by risk professionals who experienced the inefficiencies of managing supplier risks through spreadsheets and manual follow-ups. Their platform enables organizations to conduct vendor assessments, maintain a centralized register of third-party arrangements, and monitor supplier risks throughout the vendor lifecycle.

The platform addresses key requirements for managing ICT third-party risk, including vendor due diligence, risk classification and tiering, contract management, and continuous monitoring of third-party providers. It supports organizations in maintaining structured inventories of vendor relationships with details such as criticality assessments, risk scores, SLA terms, and subcontractor information. The solution is particularly relevant for organizations subject to regulatory frameworks like DORA (Digital Operational Resilience Act) in the financial services sector.

3rdRisk operates from the Netherlands and serves risk management professionals across various industries, with particular focus on organizations that need to manage complex supplier ecosystems. The platform has been used to send over 680 assessments by NGOs and connects more than 5,000 professionals. The company emphasizes security and privacy in its operations, following industry standards for data protection while providing tools for vendor risk assessment, concentration risk analysis, and supply chain visibility.