Continuous third-party monitoring with control assessments and risk scoring.
The challenge
Third-party vendor risk is assessed once per contract, then forgotten. Supplier compliance drifts. Breaches at critical partners go undetected until they impact you.
How Fig helps
Automated control assessments via questionnaires, audit reports, and external scanning. Compliance status refreshes monthly without manual chase-ups.
Suppliers scored by controls coverage, remediation responsiveness, and breach history. Portfolio risk visualised by criticality and risk tier. Integrates with SecurityScorecard, BitSight, and EcoVadis for external risk signals.
Fig maps supplier dependencies to surface single points of failure and concentration risk. The supplier management module adjusts risk scoring and control requirements dynamically based on each supplier's profile.
Supplier breaches, CVEs, and compliance lapses trigger automatic risk recalculation and escalation workflows for dependent systems.
Complete vendor risk history documented for regulatory oversight. Assessment responses and remediation evidence pre-packaged for auditors. Includes data processing agreement (DPA) lifecycle management and sub-processor cascade tracking.
Audit-ready workflow
Supplier Risk Monitoring should not be treated as a standalone tool surface. In Fig it is part of a governed workflow: a signal is captured, an owner is assigned, a control or risk is updated, and evidence is retained so the organisation can prove what happened later.
Lifecycle
The Protect phase is where this capability sits in the wider Fig operating model. Third-party vendor risk is assessed once per contract, then forgotten. Supplier compliance drifts. Breaches at critical partners go undetected until they impact you. Fig turns that problem into a repeatable lifecycle so MSPs, risk teams, and auditors are not relying on static spreadsheets or ad hoc screenshots when a buyer asks for proof.
Evidence captured
For supplier risk monitoring, useful evidence normally includes the triggering record, the affected asset or supplier, the control requirement, the assigned owner, the decision made, the timestamp, and the outcome. That evidence is mapped back to frameworks such as Cyber Essentials, ISO 27001, NIS2, DORA, GDPR, CMMC, and internal policy requirements where relevant.
Implementation checks
Useful references
The exact evidence required still depends on your scope, risk profile, sector, and framework obligations.
Built for you
Third-party risk management for your entire client base. White-label vendor assessments and risk reporting strengthen your MSP compliance story.
Learn moreBoard and risk committee visibility into supplier compliance. Automate vendor audits and reduce due diligence workload for procurement and legal teams.
Learn moreDocumented vendor risk assessments, remediation tracking, and breach impact analysis for third-party risk control audits.
Learn moreProtect
Common questions
Fig offers multiple assessment paths: automated external scans (no supplier action), questionnaires (email-based), and integration with vendor risk platforms. Choose the path that suits your supplier relationships.
You define supplier criticality based on data access, system dependencies, or regulatory scope. Risk scores then emphasise critical suppliers, ensuring your team focuses remediation efforts where impact is highest.
There is no limit. Fig scales from a handful of critical suppliers to hundreds of vendors. Risk scoring and alerting apply consistently regardless of portfolio size.
Fig flags non-responsive suppliers and escalates them through your defined workflow. You can also assess non-responsive suppliers using external scanning data alone, which gives you a partial risk score without requiring any supplier action.
Yes. MSPs can generate white-labelled supplier risk summaries for their clients. Reports show assessment status, risk scores, and remediation progress without exposing your internal methodology or scoring logic.
Next step
Book a walkthrough tailored to your frameworks and tooling.
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