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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?

Select the compliance status of the vendor.

To assess the vendor's adherence to information security standards.
2
Has the vendor provided security training to their employees?

Indicate whether security training has been provided.

To ensure that the vendor's employees are trained in security practices.
3
What is the risk score assigned to this vendor (1-10)?

Enter a risk score between 1 (low risk) and 10 (high risk).

To quantify the risk associated with the vendor.
Min: 1
Target: 5
Max: 10
4
Does the vendor have an incident response plan in place?

Select the availability status of the incident response plan.

To evaluate the vendor's preparedness for security incidents.
5
Is data encryption implemented by the vendor for sensitive information?

Select the status of data encryption practices.

To assess the vendor's practices in securing sensitive data.
6
Please provide details of any security audits conducted on the vendor.

Enter details of security audits conducted on the vendor.

To gather information about the vendor's security audit history.
7
When was the last security audit conducted on the vendor?

Select the date of the last security audit.

To track the recency of the vendor's security audits.
8
On a scale of 1 to 5, how would you rate the vendor's compliance with security standards?

Enter a compliance score (1 = Very Poor, 5 = Excellent).

To evaluate the vendor's compliance level.
Min: 1
Target: 3
Max: 5
9
What category of risk does this vendor fall under?

Select the risk category for the vendor.

To classify the vendor based on the type of risk they pose.
10
Have background checks been performed on key vendor personnel?

Indicate whether background checks have been performed.

To ensure that security measures are in place regarding personnel integrity.
11
Please describe any security incidents or breaches involving the vendor.

Provide details about any incidents or breaches.

To assess the vendor's past performance in handling security incidents.
12
When is the next scheduled review of this vendor's security practices?

Select the date of the next scheduled review.

To ensure timely evaluations of the vendor's security measures.
13
What type of access control measures does the vendor have in place?

Select the access control measures implemented by the vendor.

To evaluate the vendor's approach to managing access to sensitive information.
14
Does the vendor have documented security policies?

Indicate whether documented security policies are available.

To confirm that the vendor has formalized their security protocols.
15
How many security incidents has the vendor reported in the last year?

Enter the total number of security incidents reported.

To assess the frequency of security issues related to the vendor.
Min: 0
Target: 0
Max: 100
16
Describe any remediation actions taken by the vendor in response to security incidents.

Provide details about remediation actions taken.

To understand how the vendor addresses and learns from security challenges.
17
Which cybersecurity framework does the vendor follow?

Select the cybersecurity framework adopted by the vendor.

To determine the vendor's adherence to recognized cybersecurity standards.
18
Does the vendor implement two-factor authentication for critical systems?

Indicate whether two-factor authentication is in place.

To ensure an additional layer of security for critical access points.
19
What is the vendor's data retention policy regarding sensitive information?

Provide details about the data retention policy.

To understand how long the vendor retains sensitive data and their practices regarding data disposal.
20
When was the last security training conducted for the vendor's employees?

Select the date of the last security training conducted.

To ensure that the vendor's employees are regularly updated on security practices.

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

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