RiskWatch Vendor Risk Management
- 1Runs onAndroid, API, iOS, self-hosted, Web
- 2Costsfree trial
- 3Assessment methodquestionnaire
- 4Continuous monitoringYes
- 5Questionnaire libraryYes
- 6Framework mappingYes
- 7Evidence collectionYes
- 8Workflow automationYes
Overview
RiskWatch Vendor Risk Management helps organizations identify, assess, monitor, and report risks from vendors and other third parties. It assigns vendors to Tier 1, Tier 2, or Tier 3, then uses the tier to set questionnaire depth and reassessment cadence. Teams can use libraries covering SIG, CAIQ, and NIST 800-161 or upload custom questionnaires. Vendors respond through a portal, where they can complete questionnaires and attach SOC 2 reports; a parser extracts criteria, exceptions, CUECs, and gap findings from Type 1 and Type 2 reports and maps them to the customer's control library. Risk scoring covers eight categories, from cybersecurity and compliance to fourth-party risk. Monitoring integrations include BitSight, SecurityScorecard, sanctions watchlists, news feeds, and breach databases. Reports include vendor scorecards, portfolio rollups, and regulatory exam packs, with PDF and Excel exports. Mappings cover frameworks and regulations including ISO 27036, DORA, HIPAA, PCI DSS, and SOC 2. RiskWatch lists Android, iOS, API, self-hosted, and web platforms. Pricing is by request; a 7-day trial requires no credit card.
Who it is for
It is presented for teams managing 200–2,000 vendors, from small and mid-market teams to enterprise or multi-entity programs. It suits organizations that need questionnaire-based assessment alongside monitoring and reporting.
What is good
- Automatic vendor tiering sets questionnaire depth
- Custom questionnaires can be uploaded
- SOC 2 parser maps findings to controls
- Reports export to PDF and Excel
What to know first
- No free plan
- Pricing is available by request
- The listed trial lasts 7 days
Verdict
RiskWatch combines tiered questionnaires, SOC 2 report parsing, monitoring, and portfolio reporting for third-party risk programs. Its trial offers access without a credit card, while ongoing pricing is available by request.
RiskWatch Vendor Risk Management plans and pricing
All plansCompared on third-party risk management software
- Free plan
- Noriskwatch.com
- Assessment method
- questionnaireriskwatch.com
- Continuous monitoring
- Yesriskwatch.com
- Questionnaire library
- Yesriskwatch.com
- Framework mapping
- Yesriskwatch.com
- Evidence collection
- Yesriskwatch.com
- Workflow automation
- Yesriskwatch.com
Facts
- Purpose
- RiskWatch helps organizations identify, assess, monitor, and report risks introduced by vendors and other third parties.riskwatch.com · 7 Oct 2026
- Risk tiering
- The platform automatically classifies vendors into Tier 1, Tier 2, or Tier 3 and uses the tier to set questionnaire depth and reassessment cadence.riskwatch.com · 7 Oct 2026
- Questionnaires
- Pre-built questionnaire libraries include SIG, CAIQ, and NIST 800-161, and customers can upload custom questionnaires.riskwatch.com · 7 Oct 2026
- SOC 2 analysis
- The SOC 2 parser extracts criteria, exceptions, CUECs, and gap findings from Type 1 and Type 2 reports and maps findings to the customer’s control library.riskwatch.com · 7 Oct 2026
- Risk coverage
- Vendor scoring covers eight categories: cybersecurity, compliance, physical, financial, operational, reputational, strategic, and fourth-party risk.riskwatch.com · 7 Oct 2026
- Monitoring integrations
- The product says it integrates with BitSight, SecurityScorecard, sanctions watchlists, news-monitoring feeds, and breach databases for continuous monitoring.riskwatch.com · 7 Oct 2026
- Vendor workflow
- Vendors can respond through a portal by completing questionnaires and attaching SOC 2 reports.riskwatch.com · 7 Oct 2026
- Reports
- Risk reports include per-vendor scorecards, portfolio rollups, and regulatory exam packs, with PDF and Excel exports.riskwatch.com · 7 Oct 2026
- Supported frameworks
- The product lists mappings for standards and regulations including SIG, CAIQ, NIST 800-161, ISO 27036, FFIEC IT, OCC 2013-29, EBA Outsourcing, NYDFS 500, DORA, HIPAA, PCI DSS, and SOC 2.riskwatch.com · 7 Oct 2026
- Security
- RiskWatch states that its platform is audited under SOC 2 Type II and ISO/IEC 27001:2022, encrypts data in transit and at rest, and segments data by tenant.riskwatch.com · 7 Oct 2026
- Security controls
- The security page specifies TLS 1.3 in transit, AES-256 at rest, SAML 2.0 SSO, MFA, and role-based access controls.riskwatch.com · 7 Oct 2026
- Trial
- The 7-day free trial requires no credit card and includes access to questionnaire libraries, SOC 2 parsing, auto-tiering, monitoring previews, and eight-category scoring.riskwatch.com · 7 Oct 2026
- Pricing model
- RiskWatch says it does not publish list prices and provides custom quotes based on factors such as team size, frameworks, deployment, and integrations.riskwatch.com · 7 Oct 2026
- Support tiers
- The quote page lists Starter support as email with next-business-day response, Growth as email and chat with a 4-hour SLA, and Enterprise as email, chat, and phone with a 1-hour SLA.riskwatch.com · 7 Oct 2026
- Intended users
- The maker describes teams managing 200–2,000 vendors and presents reference tiers for small teams, mid-market teams, and enterprise or multi-entity programs.riskwatch.com · 7 Oct 2026
Company
- Founded
- 1993riskwatch.com · 28 Sept 2026
- Headquarters
- Sarasota, Florida, United Statesriskwatch.com · 28 Sept 2026
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Sources
- riskwatch.com/vendor-risk-management-software/· checked 7 Oct 2026
- riskwatch.com/security/· checked 7 Oct 2026
- riskwatch.com/quote/· checked 7 Oct 2026