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ISO 27001 Third-Party Risk Management Audit Checklist for Aerospace and Defense

A comprehensive audit checklist for evaluating and improving third-party risk management practices in Aerospace and Defense organizations, aligned with ISO 27001 standards and industry-specific security requirements.

ISO 27001 Third-Party Risk Management Audit Checklist for Aerospace and Defense
by: audit-now
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About This Checklist

In the Aerospace and Defense industry, managing risks associated with third-party relationships is crucial for maintaining security and compliance. This ISO 27001-aligned Third-Party Risk Management Audit Checklist is designed to help organizations assess and enhance their practices for vetting, monitoring, and securing interactions with external partners, suppliers, and contractors. By meticulously evaluating third-party security controls, data sharing practices, and contractual obligations, this checklist enables companies to identify vulnerabilities, ensure compliance with ISO 27001 standards, and strengthen their overall security ecosystem. Implementing robust third-party risk management measures is essential for protecting sensitive information, maintaining supply chain integrity, and safeguarding against security breaches originating from external entities in the Aerospace and Defense sector.

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Industry

Aerospace and Defense

Standard

ISO 27001

Workspaces

Procurement departments
Supplier management offices
Security assessment centers

Occupations

Procurement Manager
Third-Party Risk Analyst
Supply Chain Security Specialist
Compliance Officer
Vendor Management Coordinator

Third-Party Risk Management Assessment

(0 / 4)

1
Has the external partner been vetted?

Select the vetting status of the external partner.

To confirm that the vendor has undergone appropriate vetting procedures.
2
What is the risk assessment score for this vendor?

Enter a score between 1 (High Risk) and 5 (No Risk).

To quantify the level of risk associated with the vendor.
Min: 1
Target: 3
Max: 5
3
Describe the data sharing agreement in place with the vendor.

Provide a brief description of the data sharing agreement.

To document the terms and conditions regarding data sharing.
4
Is the vendor compliant with ISO 27001 standards?

Select the compliance status of the vendor.

To ensure that the vendor meets necessary security standards.
5
Has the vendor completed compliance training?

Select the status of compliance training for the vendor.

To verify that the vendor's personnel are trained in compliance matters.
6
When was the last security audit conducted for this vendor?

Select the date of the last security audit.

To track the frequency of security audits performed on the vendor.
7
Provide a description of the vendor's incident response plan.

Detail the incident response procedures outlined by the vendor.

To understand how the vendor plans to respond to security incidents.
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8
Is there a security monitoring system in place for the vendor?

Select 'True' if a security monitoring system is in place, otherwise select 'False'.

To ensure that the vendor has measures to monitor security continuously.
9
When is the next scheduled security audit for this vendor?

Select the date of the next scheduled security audit.

To keep track of upcoming security audits for compliance verification.
10
What data protection measures does the vendor have in place?

List the data protection measures implemented by the vendor.

To evaluate the effectiveness of the vendor's data protection strategies.
11
What is the assessed risk level for this vendor?

Select the risk level based on the assessment.

To categorize the vendor based on identified risk factors.
12
How many security incidents has the vendor reported in the last year?

Enter the total number of security incidents reported.

To assess the vendor's security performance and incident history.
Min: 0
Target: 0
Max: 100
13
When was the last compliance review conducted for this vendor?

Select the date of the last compliance review.

To ensure regular compliance reviews are performed.
14
Describe the security training programs provided to vendor employees.

Provide details about the security training program.

To understand the training efforts made to enhance employee security awareness.
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15
Does the vendor have an incident reporting procedure?

Select 'True' if an incident reporting procedure exists, otherwise select 'False'.

To verify that the vendor has a defined process for reporting security incidents.
16
Is sensitive data encrypted by the vendor?

Select the encryption status of sensitive data.

To ensure that the vendor employs encryption to protect sensitive information.
17
When was the last vulnerability assessment conducted for this vendor?

Select the date of the last vulnerability assessment.

To ensure that the vendor regularly evaluates their cybersecurity posture.
18
What strategies does the vendor employ to mitigate third-party risks?

Outline the risk mitigation strategies in place.

To assess the vendor's proactive measures for managing third-party risks.
19
Which security certifications does the vendor hold?

Select all applicable security certifications.

To evaluate the vendor's commitment to cybersecurity standards.
20
What is the average response time for security incidents reported by the vendor (in hours)?

Enter the average response time in hours.

To measure the efficiency of the vendor's incident response capabilities.
Min: 0
Target: 2
Max: 48

FAQs

Third-party risk management is crucial in Aerospace and Defense due to the complex supply chains and collaborative nature of projects involving sensitive technologies and information. Effective management prevents security breaches, intellectual property theft, and compliance violations that could compromise national security or competitive advantages.

The checklist covers areas such as third-party vetting processes, security assessment of external partners, data sharing agreements, access control for third parties, continuous monitoring of third-party risks, incident response coordination, and compliance with defense-specific regulations for external collaborations.

Audits should be conducted at least annually, with more frequent reviews recommended for critical suppliers or in response to significant changes in the threat landscape, regulatory environment, or major shifts in third-party relationships.

The audit team should include procurement specialists, security officers, legal advisors, compliance managers, supply chain experts, and representatives from key operational departments. External auditors with expertise in defense sector supply chain security may also be involved for an independent assessment.

The checklist includes items to assess compliance with international regulations such as ITAR and EAR, evaluation of geopolitical risks, secure data transfer across borders, and adherence to country-specific security requirements when engaging with international third parties.

Benefits

Ensures alignment of third-party risk management practices with ISO 27001 and defense industry standards

Identifies potential vulnerabilities in the extended supply chain and partner ecosystem

Enhances protection against security breaches originating from third-party relationships

Improves overall security posture by extending controls to external entities

Facilitates compliance with stringent regulatory requirements for third-party engagements in defense