TrustArc Third Party Risk Management

TrustArc Third Party Risk Management is an automated vendor risk management and supplier privacy assessment platform engineered to evaluate, monitor, and mitigate privacy, cybersecurity, and compliance risks across third-party vendor relationships. From initial vendor procurement and onboarding through continuous monitoring and contract termination, it provides privacy and procurement teams with complete visibility into supplier data handling practices.

The cloud SaaS application connects natively with procurement platforms, enterprise contract repositories, and vendor management databases, offering pre-configured privacy and security assessment questionnaires mapped to GDPR, CCPA, ISO 27001, and SOC 2 standards. It allows organizations to distribute automated vendor assessments, evaluate vendor data transfer mechanisms (such as Standard Contractual Clauses), and track vendor security certifications centrally. Key implementation use cases include assessing third-party vendor privacy practices, automating recurring vendor security re-assessments, tracking sub-processor data processing agreements, and managing vendor privacy risk remediation tasks.

Featuring automated vendor risk scoring and centralized document repositories, TrustArc Third Party Risk Management enables organizations to assess hundreds of suppliers efficiently without relying on manual spreadsheets. Compliance managers benefit from automated notification triggers that flag expiring vendor certifications or non-compliant questionnaire responses. The platform minimizes supply chain cyber and privacy risks, prevents unauthorized vendor data exposure, and ensures compliance with statutory third-party governance mandates.