RiskWatch Vendor Risk Management helps organizations assess and track risks that come from vendors and other third parties. It automatically assigns vendors to Tier 1, Tier 2, or Tier 3, using those tiers to determine questionnaire depth and reassessment cadence. Teams can use pre-built SIG, CAIQ, and NIST 800-161 questionnaires or upload their own. Vendors respond through a portal and can attach SOC 2 reports; the parser extracts criteria, exceptions, CUECs, and gap findings from Type 1 and Type 2 reports and maps those findings to the customer’s control library. Risk scoring covers cybersecurity, compliance, physical, financial, operational, reputational, strategic, and fourth-party risk. Monitoring connections include BitSight, SecurityScorecard, sanctions watchlists, news-monitoring feeds, and breach databases. Reports provide vendor scorecards, portfolio rollups, and regulatory exam packs, with PDF and Excel exports. The product maps to frameworks and regulations including ISO 27036, FFIEC IT, OCC 2013-29, EBA Outsourcing, NYDFS 500, DORA, HIPAA, PCI DSS, and SOC 2. RiskWatch lists cloud, on-premise, hybrid, and air-gapped options for Enterprise. Its 7-day trial requires no credit card and includes questionnaire libraries, SOC 2 parsing, auto-tiering, monitoring previews, and eight-category scoring.
Who it is for
RiskWatch suits teams responsible for reviewing vendors and other third parties, especially programs managing 200–2,000 vendors. Its tiered plans describe options for small, mid-market, and enterprise or multi-entity programs.
What is good
- Automatic vendor tiers set questionnaire depth and reassessment cadence.
- Questionnaire libraries include SIG, CAIQ, and NIST 800-161.
- SOC 2 parser maps findings to a customer control library.
- Scoring covers eight categories of vendor risk.
- Reports include portfolio rollups and regulatory exam packs.
What to know first
- There is no free plan.
- Paid pricing is available on request.
- The free trial lasts 7 days.
Verdict
Choose RiskWatch if your team needs tiered vendor reviews, questionnaire workflows, SOC 2 parsing, and ongoing monitoring in one platform. The 7-day trial provides access to core assessment capabilities. Compare the quoted plan and deployment options with your team size and framework needs before choosing.
Get started with RiskWatch Vendor Risk Management
- Visit the RiskWatch Vendor Risk Management website.
- Start the 7-day free trial; no credit card is required.
- Choose a plan tier based on users, frameworks, and deployment needs.
- Use the questionnaire libraries or upload custom questionnaires.
- Invite vendors to respond through the portal.
Limits to know first
The free trial lasts 7 days and does not require a credit card. No free plan is available, and paid plan prices are on request.
Questions about RiskWatch Vendor Risk Management
Does RiskWatch have a free plan or trial?
There is no free plan. A 7-day free trial is available and requires no credit card.
What platforms does it support?
Listed platforms are Android, API, iOS, self-hosted, and web.
Which questionnaire libraries are included?
Pre-built libraries include SIG, CAIQ, and NIST 800-161; customers can also upload custom questionnaires.
What are the plan options?
Starter, Growth, and Enterprise are listed. Their prices are available on request.
What security controls does RiskWatch specify?
RiskWatch specifies TLS 1.3 in transit, AES-256 at rest, SAML 2.0 SSO, MFA, and role-based access controls.
What support is listed for each tier?
Starter lists email support with next-business-day response; Growth lists email and chat with a 4-hour SLA; Enterprise lists email, chat, and phone with a 1-hour SLA.
RiskWatch Vendor Risk Management plans and pricing
All plansCompared on third-party risk management software
- Free plan
- No
- Assessment method
- questionnaire
- Continuous monitoring
- Yes
- Questionnaire library
- Yes
- Framework mapping
- Yes
- Evidence collection
- Yes
- Workflow automation
- Yes
