Managed Third-Party Risk Management

End-to-end vendor risk oversight aligned to your regulatory requirements. Your platform or ours.

83%
of data breaches involve a third-party vector
$4.88M
average cost of a data breach involving third parties
292 days
average time to identify and contain a third-party breach

Regulatory frameworks across industries are converging on the same mandate: organizations must demonstrate ongoing oversight of the third parties that access, process, or store their sensitive data. From HIPAA and the SEC to ABA ethics rules and PCI DSS, the expectation is clear — vendor risk can no longer be managed with a spreadsheet and an annual questionnaire. The Fowler Group delivers a fully managed TPRM program tailored to your requirements.

Engagement Models

Two Ways to Work With Us

Bring Your Own Platform

We operate your existing TPRM tool

  • Full administration of your platform
  • Vendor onboarding, tiering & classification
  • Questionnaire distribution & follow-up
  • Risk scoring & remediation tracking
  • Reporting aligned to your workflows
  • Platform optimization & configuration tuning

Fully Hosted Solution

We provide the platform and the program

  • Turnkey TPRM platform provisioned for you
  • Complete vendor inventory buildout
  • Full assessment lifecycle management
  • Continuous monitoring & automated alerts
  • Executive dashboards & board-ready reporting
  • No capital outlay — platform included in service
Service Scope

What's Included

Vendor Inventory & Tiering
Third parties classified by data access scope, sensitivity, criticality, and contractual obligations. Risk tiers drive assessment depth, frequency, and verification requirements.
Assessment Management
SIG, CAIQ, or custom questionnaires aligned to your regulatory framework — distributed, tracked, and analyzed. We chase vendor responses and validate evidence so your team doesn't have to.
Risk Scoring & Remediation
Quantified risk ratings mapped to applicable regulatory controls, with issue-level remediation plans, POA&Ms, and tracked deadlines — ready for audit or examination.
Continuous Monitoring
Dark web exposure monitoring, breach report tracking, financial health signals, and cyber rating feeds on critical vendors between assessment cycles.
Regulatory Alignment
Mapped to your compliance requirements — HIPAA, SEC, PCI DSS, SOC 2, ABA ethics rules, NYDFS, or industry-specific mandates. We align controls to the frameworks that matter to your organization.
Reporting & Governance
Monthly operational reports, quarterly executive summaries, annual maturity assessments, and audit-ready evidence packages aligned to your regulatory examination protocols.

Low-Friction Implementation

Our streamlined onboarding process gets your managed TPRM program operational quickly with minimal disruption to your team. From initial discovery through steady-state operations, we handle the heavy lifting so your organization can focus on its mission —not vendor paperwork.

Industry Expertise

Who This Is For

Healthcare organizations managing business associate relationships under HIPAA
Law firms and legal departments protecting client confidentiality across vendor ecosystems
Financial institutions subject to SOC 2, PCI DSS, or NYDFS requirements
Organizations without dedicated TPRM staff or mature vendor risk programs
Companies preparing for compliance audits, regulatory exams, or cyber insurance renewal
Differentiators

Why The Fowler Group

Practitioner-Led

Managed by CISSP/CISM-certified professionals with direct CISO experience across regulated industries —not junior analysts following scripts.

Platform Agnostic

We work inside your existing tool or deploy our own. No vendor lock-in. Purpose-built workflows for vendor lifecycle management and evidence collection.

Regulatory Depth

Deep knowledge across HIPAA, SEC, PCI DSS, ABA ethics rules, and emerging frameworks. We speak your regulator's language and build programs that satisfy examiners.

Scales on Demand

From 25 critical vendors to 500+. Scales with your vendor ecosystem and M&A activity without adding FTEs to your payroll.

Informed by Experience

Our third-party risk evaluation process is informed by decades of experience dealing with real threats and incidents involving third parties.

Ready to Take Control of Your Vendor Risk?

Schedule a complimentary TPRM readiness assessment tailored to your industry.

Schedule Assessment