Secure Your Supply Chain
with Next-Generation Third-Party Risk Management

Proactively assess, monitor and mitigate supplier risks with Logica Security – powered by Bitsight’s industry-leading cyber risk analytics

Third-Party Cyber Risks Are Escalating. Are You Protected?

In today’s interconnected world, most businesses rely on third parties such as vendors, suppliers and service providers to operate efficiently. However, each external relationship introduces potential cybersecurity risks, from data breaches to compliance violations. Third-party risk management is the proactive process of identifying, assessing and mitigating these risks to protect sensitive data, maintain regulatory compliance and safeguard business continuity.

  • 62% of organisations experienced a supply chain attack in 2024
  • Average cost of a supply chain breach: $4.35 million
  • 75% of third-party security incidents stem from weak vendor security
  • New regulations such as GDPR, NIS2 and DORA require strict third-party security controls

Why Organisations Struggle to Implement a Robust TPRM Programme

How We Can Help You

Next-Generation Third-Party Risk Management – Powered by Bitsight

We have partnered with Bitsight, the world’s leading cyber risk rating provider, to offer you unmatched third-party risk visibility. Our collaboration delivers real-time vendor risk intelligence, ensuring proactive mitigation of cyber threats in supply chains.

Here are the Core Benefits of our Partnership:

Tailored Solutions for Every Business Size

Without a strong third-party risk management strategy, even the most secure business can become vulnerable through weak links in its supply chain. Our solution ensures your business stays protected. Our approach consists of two phases.

Logica Security's 2-phase approach to TPRM
data science specialists working at office together

PHASE 1
Onboarding & Implementation

This first phase establishes a robust baseline by identifying, classifying and assessing your suppliers against regulatory and business-critical requirements, creating a clear, actionable framework for managing third-party risk. The process and activities involved are shown below.

Logica Security - Third-party Risk Management - Phase 1

1. Procurement Process Integration

Reviewing existing workflow, inserting pre-contract due diligence steps and updating contract templates.

2. Supplier Inventory & Risk Tiering

Compiling third-party register, applying tiering model to classify suppliers based on risk and criticality.

3. Initial Risk Assessments

Conducting supplier security questionnaire, document reviews, threat intelligence checks and onsite/virtual assessments.

4. Initial Risk Treatment & Remediation Planning

Developing remediation plans, engaging suppliers, logging actions in risk register and initiating follow-ups.

5. TPRM
Programme Setup

Configuring platforms/tools, defining KPIs, creating dashboards and compiling TPRM Handbook.

PHASE 2
Ongoing Managed Service

The second phase delivers an ongoing managed service that continuously monitors, reviews and updates supplier risk profiles to maintain compliance, strengthen resilience and support confident, secure supplier relationships over time. The supporting activities are outlined below.

Continuous Risk Monitoring

Ingesting threat intelligence, monitoring cyber indicators, generating alerts for risk shifts.          

Periodic Risk Re-Assessments

Conducting scheduled or trigger-based reassessments with refreshed evidence and review.

Ongoing Remediation & Supplier Engagement

Maintaining and updating risk register, engaging suppliers to support and verify remediation.

Regulatory Compliance Tracking

Mapping suppliers to regulatory scope, tracking compliance metrics and preparing input for audits.

Incident Response Support

Coordinating with suppliers to investigate incidents, assisting in post-incident analysis and documentation.

Reporting & Dashboards (Ongoing)

Generating monthly and quarterly reports, supporting ad hoc reporting and review in governance meetings.

Vendor Selection

Assessing prospective suppliers for risk before contracts are awarded or onboarding begins.
          

Vendor Onboarding & Offboarding

Supporting secure onboarding and offboarding, ensuring regulatory and data handling compliance.

Fourth-Party Monitoring

Tracking key dependencies on downstream vendors that may impact critical third-party resilience.

“Cyber risk doesn’t stop at an organisation’s perimeter – it extends deep into its third-party ecosystem. Our partnership with Bitsight provides organisations with the intelligence and tools needed to mitigate these risks effectively.”

– Simon Seymour-Perry, CEO, Logica Security

Logica Security - Third-party Risk Management - Tailored pricing options

How Our Pricing Works

We offer tailored monthly subscriptions based on your supplier volume and tier. Simply speak to one of our TPRM experts to create your bespoke price plan. Whether you manage 30 vendors or 300, our service is scalable, cost-effective and always balanced – combining automation with real human insight.

Logica Security: A Smarter, Cost-Effective Alternative to In-House Risk Management

Why Choose Logica Security? Our service is a strategic partnership, not a checkbox exercise. What sets our Third-Party Risk Management service apart is our strategic depth and hands-on approach. We embed risk controls right from the start.

Third-Party Cyber Risk Safety

Proven Risk Reduction & Cost Savings

A Fortune 500 manufacturer achieved a 40% reduction in vulnerabilities, 100% supplier compliance

and saved £1 million annually using Logica Security’s VRM service.

Take Control of Your Third-Party Security Today

Contact Us

Phone Number

0345 646 2720

Email Address

info@logicasecurity.com

Address

Oakmoore Court 11c, Kingswood Road, Hampton Lovett, Droitwich, Worcestershire, United Kingdom, WR9 0QH

Let's chat about your TPRM

FAQs

Third-party Risk Management (TPRM) is the process of identifying, assessing and mitigating cybersecurity, compliance as well as other operational risks associated with vendors, suppliers and service providers. These external entities often have access to sensitive data, IT systems and business operations, making them potential security vulnerabilities. A robust third-party risk management strategy helps businesses prevent data breaches, regulatory penalties and operational disruptions by continuously monitoring and securing third-party relationships.

Businesses face several cybersecurity threats from third parties such as:

  • Data breaches – Unauthorised access to sensitive customer or company data
  • Weak security controls – Vendors with poor cybersecurity measures can serve as an entry point for hackers
  • Compliance violations – Failure to meet industry regulations like GDPR, NIS2, DORA and ISO 27001 due to non-compliant third parties

We offer three different tiers for all sizes of organisations and specific business needs: Essential Assessment, Advanced Assessment and Comprehensive Assurance. In addition, you can add Penetration Testing.

From a quick, low-cost third-party inventory analysis and vendor engagement & security documentation reviews to detailed audits, risk intelligence, & ongoing tracking and optional deep-dive cyber testing for critical third-parties.

Contact us for more information.

Outsourcing third-party risk management has many benefits such as:

  • Cost efficiency – Reduces the need for hiring, training and maintaining an in-house team.
  • Access to expert knowledge – Leverages cybersecurity professionals who specialise in identifying and mitigating third-party risks.
  • Advanced technology & automation – Utilises AI-driven risk assessments, continuous monitoring and threat intelligence tools.
  • Scalability & flexibility – Easily adapts to your business’s growth and evolving security needs.
  • Regulatory compliance support – Ensures alignment with standards like GDPR, NIS2, DORA and ISO 27001 without the burden of internal compliance tracking.
  • Faster response to threats – Provides immediate incident response and mitigation strategies in case of a security breach.