Vendor & Supply Chain Security - Third-Party Risk Management
Your security posture is only as strong as the vendors, suppliers, and partners connected to your environment. NOXMON's Third-Party Risk Management (TPRM) program identifies, quantifies, and continuously monitors the risk your third parties introduce—so a vendor's weakness never becomes your breach.
Continuous, Quantified Vendor Risk
Traditional vendor risk programs rely on point-in-time questionnaires that are stale the moment they are submitted. NOXMON takes a different approach. We combine rigorous due diligence with continuous, evidence-based monitoring through RISKMON, our proprietary cyber risk quantification platform.
RISKMON translates every third-party relationship into a quantified, dollar-denominated view of risk using FAIR-based modeling. Instead of a color-coded spreadsheet, your leadership team sees the financial exposure each vendor represents, how that exposure is trending, and exactly which controls would reduce it most.
The result is a living third-party risk register—prioritized by business impact, mapped to the frameworks you report against, and updated continuously as your vendor ecosystem and the threat landscape evolve.
Lifecycle - The NOXMON TPRM Lifecycle
A continuous, four-stage program that tiers, assesses, monitors, and remediates third-party risk—end to end.
1. Inherent Risk Tiering
- Vendor Inventory & Classification. Complete discovery of vendors, sub-processors, and supply chain partners, classified by data access, system connectivity, and business criticality.
- Inherent Risk Scoring. RISKMON tiers each vendor by inherent risk so due diligence effort is focused where exposure is greatest.
- Concentration Risk Analysis. Identification of fourth-party and concentration risk where many critical functions depend on a single provider.
2. Due Diligence & Onboarding
- Evidence-Based Assessment. Review of SOC 2, ISO 27001, penetration tests, and security documentation against your control requirements.
- Control Gap Analysis. Mapping of vendor controls to your obligations under frameworks such as NIST CSF, ISO 27001, PCI DSS, and NYDFS Part 500.
- Contractual Safeguards. Guidance on security clauses, right-to-audit, breach notification, and SLA requirements before contracts are signed.
3. Continuous Monitoring
- 24x7 RISKMON Monitoring. Continuous tracking of each vendor's external risk signals, breach disclosures, and posture changes—not an annual snapshot.
- Quantified Risk Trending. Real-time visibility into how each vendor's financial risk contribution moves over time.
- Alerting & Escalation. Automated alerts when a vendor's risk crosses your defined tolerance thresholds.
4. Remediation & Offboarding
- Prioritized Remediation. Risk-ranked remediation plans that target the controls delivering the greatest reduction in exposure.
- Issue & POA&M Tracking. Centralized tracking of findings, owners, and timelines through closure inside RISKMON.
- Secure Offboarding. Structured deprovisioning, access revocation, and data return or destruction validation when relationships end.
How RISKMON Powers Our TPRM Program
NOXMON does not bolt third-party risk onto a generic checklist. Every engagement runs on RISKMON, the same proprietary platform our analysts use 24x7 to monitor our own clients' enterprise risk. For TPRM, that means each vendor becomes a quantified node in your overall risk model—measured in financial terms, mapped to your compliance frameworks, and continuously updated.
Because RISKMON expresses risk as potential financial loss rather than abstract high/medium/low labels, your board and procurement leaders can make defensible, economically grounded decisions: which vendors warrant deeper scrutiny, where contractual controls are worth negotiating, and when a relationship's risk has grown beyond acceptable tolerance.
What You Receive - Program Deliverables
Every engagement produces clear, decision-ready outputs your leadership and procurement teams can act on.
Quantified Vendor Risk Register
A living, financially-quantified inventory of every third party, tiered by inherent and residual risk.
Continuous Monitoring Dashboard
RISKMON dashboards showing real-time vendor posture, trends, and threshold breaches.
Due Diligence Reports
Evidence-based assessments with control gaps mapped to your regulatory obligations.
Board-Ready Reporting
Executive summaries that translate third-party exposure into clear financial and compliance terms.
"We had hundreds of vendors and no real way to prioritize them. NOXMON's RISKMON-driven program finally gave us a dollar figure for our third-party exposure and showed us exactly which five vendors were driving most of it. Our board conversations completely changed."
Tell us about your project
Our offices
- Houghton
Houghton, MI 49931
(212) 913-9184
info@noxmon.com - New York City
New York, NY 10011
(212) 913-9184
info@noxmon.com