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ISO 27001 Third-Party Risk Management and Supplier Security Audit Checklist

A comprehensive audit checklist for evaluating an organization's third-party risk management and supplier security processes in compliance with ISO 27001 requirements, focusing on supplier selection, contract management, ongoing monitoring, and risk mitigation strategies.

ISO 27001 Third-Party Risk Management and Supplier Security Audit Checklist

by: audit-now
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About This Checklist

The ISO 27001 Third-Party Risk Management and Supplier Security Audit Checklist is an essential tool for organizations aiming to secure their supply chain and manage risks associated with external partners. This checklist aligns with ISO 27001 standards, focusing on the assessment, monitoring, and control of information security risks introduced by third-party relationships. By systematically evaluating your organization's supplier management processes, you can ensure that your partners and vendors adhere to the same rigorous security standards you maintain internally. This comprehensive checklist helps organizations build a resilient supply chain, mitigate third-party risks, and maintain the integrity of their information security ecosystem.

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Industry

Information Technology

Standard

ISO/IEC 27001 - Information Security Management

Workspaces

Corporate offices
Vendor management centers
Remote assessment environments

Occupations

Vendor Management Specialist
Supply Chain Security Manager
Third-Party Risk Analyst
Procurement Officer
Information Security Consultant
1
Is the vendor compliant with ISO 27001 standards?
2
Has the vendor provided security training to their employees?
3
What is the risk score assigned to this vendor (1-10)?
Min: 1
Target: 5
Max: 10
4
Does the vendor have an incident response plan in place?
5
Is data encryption implemented by the vendor for sensitive information?
6
Please provide details of any security audits conducted on the vendor.
7
When was the last security audit conducted on the vendor?
8
On a scale of 1 to 5, how would you rate the vendor's compliance with security standards?
Min: 1
Target: 3
Max: 5
9
What category of risk does this vendor fall under?
10
Have background checks been performed on key vendor personnel?
11
Please describe any security incidents or breaches involving the vendor.
12
When is the next scheduled review of this vendor's security practices?
13
What type of access control measures does the vendor have in place?
14
Does the vendor have documented security policies?
15
How many security incidents has the vendor reported in the last year?
Min: 0
Target: 0
Max: 100
16
Describe any remediation actions taken by the vendor in response to security incidents.
17
Which cybersecurity framework does the vendor follow?
18
Does the vendor implement two-factor authentication for critical systems?
19
What is the vendor's data retention policy regarding sensitive information?
20
When was the last security training conducted for the vendor's employees?

FAQs

This checklist covers supplier selection criteria, security requirements in contracts, ongoing supplier performance monitoring, access control for external parties, incident response coordination, and regular security assessments of critical suppliers.

By ensuring that third-party risks are properly identified, assessed, and managed, organizations can reduce the likelihood of security breaches originating from their supply chain and maintain a more robust security ecosystem.

The audit process should involve procurement specialists, legal counsel, information security officers, risk management professionals, and business unit leaders responsible for key supplier relationships.

Critical suppliers should be assessed at least annually, with more frequent reviews for high-risk vendors or those handling particularly sensitive data. The frequency may also depend on regulatory requirements and contractual obligations.

Yes, this checklist is particularly relevant for assessing cloud service providers, managed service providers, and other technology partners who may have significant access to an organization's data and systems.

Benefits of ISO 27001 Third-Party Risk Management and Supplier Security Audit Checklist

Ensures compliance with ISO 27001 requirements for supplier relationships

Identifies and mitigates risks associated with third-party access to sensitive information

Improves overall supply chain security posture

Facilitates consistent evaluation and monitoring of supplier security practices

Supports the development of robust third-party risk management policies