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RiskWatch Vendor Risk Management
What RiskWatch Vendor Risk Management is
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 suits
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 it does well
- 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.
Limits
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.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Growth | 12-month contract assumed; quote only · 15–50 users · 5–10 frameworks · cloud or hybrid · shared white-glove implementation | On request |
| Starter | 12-month contract assumed; quote only · 5–15 users · up to 3 frameworks · cloud · self-serve onboarding | On request |
| Enterprise | 12-month contract assumed; quote only · 50+ users · 10+ frameworks · multi-entity · cloud, on-premise, hybrid, or air-gapped | On request |
As riskwatch.com lists them, read 7 Oct 2026. The maker's own page has the final word.
Getting started
- 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.
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.
Questions
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.
Facts from RiskWatch Vendor Risk Management's own pages
- Founded
- 1993 · riskwatch.com, 28 Sept 2026
- Headquarters
- Sarasota, Florida, United States · riskwatch.com, 28 Sept 2026
- Intended users
- The maker describes teams managing 200–2,000 vendors and presents reference tiers for small teams, mid-market teams, and enterprise or multi-entity programs. · riskwatch.com, 7 Oct 2026
- Monitoring integrations
- The product says it integrates with BitSight, SecurityScorecard, sanctions watchlists, news-monitoring feeds, and breach databases for continuous monitoring. · riskwatch.com, 7 Oct 2026
- Pricing model
- RiskWatch says it does not publish list prices and provides custom quotes based on factors such as team size, frameworks, deployment, and integrations. · riskwatch.com, 7 Oct 2026
- Purpose
- RiskWatch helps organizations identify, assess, monitor, and report risks introduced by vendors and other third parties. · riskwatch.com, 7 Oct 2026
- Questionnaires
- Pre-built questionnaire libraries include SIG, CAIQ, and NIST 800-161, and customers can upload custom questionnaires. · riskwatch.com, 7 Oct 2026
- Reports
- Risk reports include per-vendor scorecards, portfolio rollups, and regulatory exam packs, with PDF and Excel exports. · riskwatch.com, 7 Oct 2026
- Risk coverage
- Vendor scoring covers eight categories: cybersecurity, compliance, physical, financial, operational, reputational, strategic, and fourth-party risk. · riskwatch.com, 7 Oct 2026
- Risk tiering
- The platform automatically classifies vendors into Tier 1, Tier 2, or Tier 3 and uses the tier to set questionnaire depth and reassessment cadence. · riskwatch.com, 7 Oct 2026
- Security
- RiskWatch states that its platform is audited under SOC 2 Type II and ISO/IEC 27001:2022, encrypts data in transit and at rest, and segments data by tenant. · riskwatch.com, 7 Oct 2026
- Security controls
- The security page specifies TLS 1.3 in transit, AES-256 at rest, SAML 2.0 SSO, MFA, and role-based access controls. · riskwatch.com, 7 Oct 2026
- SOC 2 analysis
- The SOC 2 parser extracts criteria, exceptions, CUECs, and gap findings from Type 1 and Type 2 reports and maps findings to the customer’s control library. · riskwatch.com, 7 Oct 2026
- Supported frameworks
- The product lists mappings for standards and regulations including SIG, CAIQ, NIST 800-161, ISO 27036, FFIEC IT, OCC 2013-29, EBA Outsourcing, NYDFS 500, DORA, HIPAA, PCI DSS, and SOC 2. · riskwatch.com, 7 Oct 2026
- Support tiers
- The quote page lists Starter support as email with next-business-day response, Growth as email and chat with a 4-hour SLA, and Enterprise as email, chat, and phone with a 1-hour SLA. · riskwatch.com, 7 Oct 2026
- Trial
- The 7-day free trial requires no credit card and includes access to questionnaire libraries, SOC 2 parsing, auto-tiering, monitoring previews, and eight-category scoring. · riskwatch.com, 7 Oct 2026
- Vendor workflow
- Vendors can respond through a portal by completing questionnaires and attaching SOC 2 reports. · riskwatch.com, 7 Oct 2026
Where RiskWatch Vendor Risk Management stands on Freedom251
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