TL;DR: Vendor risk reviews can still take one to two months when teams rely on 200-question questionnaires, spreadsheets, and manual follow-up, Safe Security says. Third-party governance now hinges on tiering, automation, and evidence handling to keep assessments from stalling as vendor portfolios grow.
Editorial analysis by NHI Mgmt Group, based on content published by Safe Security: “From Months to Weeks: How a Manufacturer Cut Vendor Risk Assessments to Less than 2 Weeks”.
By the numbers:
- The team managed about 90–100 third parties in a single view of exposure scores, findings, and remediation.
Key questions
Q: What breaks when vendor assessments rely on questionnaires instead of access evidence?
A: They break at the point where paper controls diverge from actual exposure.
Q: How can security teams know whether third-party risk management is working?
A: Look for evidence that inventory, review, monitoring, and revocation are all connected.
Q: How should organisations tier third-party vendors for risk reviews?
A: Tier vendors by the data they handle, the systems they can reach, and whether operations depend on them.
Practitioner guidance
- Tier vendors by data access and operational dependency Use a plain-language intake model that separates high, medium, and low exposure based on whether the vendor handles restricted data, has internal access, or supports operations.
- Automate follow-ups and reminders before expanding the questionnaire Remove the manual chasing that consumes analyst time by routing reminders, escalations, and status updates through workflow logic rather than email threads.
- Create one governed vendor risk register Keep exposure scores, findings, remediation status, and escalation notes in a single record so leadership decisions reflect the same evidence set.
Bottom line: Third-party risk is failing when review depth depends on manual admin rather than a defensible tiering model.
Glossary terms: Third-party risk management, Vendor Tiering, Assessment Latency, Vendor Risk Assessment
Explore further
View Full Forum → | NHI Foundation Course → | Our Services → | Read the full analysis →
Third-party risk has become an access-governance problem, not just a procurement review. The article shows that vendor oversight now sits directly beside data access, system integration, and operational dependency. That means the control question is no longer whether a questionnaire exists, but whether the organisation can govern outside access at the same speed as business dependency. Practitioners should treat supplier review as part of access governance, not a side process.
A few things that frame the scale:
- 55% of healthcare data breaches now originate from a third-party vendor, according to Ponemon Institute’s 2023 Third-Party Risk in Healthcare report.
A question worth separating out:
Q: Why do third-party relationships create identity and access risk?
A: Third-party relationships create identity risk because external parties often receive real credentials or delegated access into sensitive systems. If those permissions are broader than needed, poorly monitored, or left active after the work ends, the vendor relationship becomes a persistent attack path. The risk is highest when access is separated from lifecycle governance.
👉 Read our full editorial: Risk-based third-party assessments now cut vendor review time