FortaRisks Third-Party Risk vs RiskWatch Vendor Risk Management
FortaRisks Third-Party Risk
fortarisks.comRiskWatch Vendor Risk Management
riskwatch.comSide by side
| Figure | FortaRisks Third-Party Risk | RiskWatch Vendor Risk Management |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Self-hosted | — | Yes |
| Plans published | 3 | 3 |
| Spec score · Third-Party Risk Management Software | 7.1 (#17) | 7.8 (#6) |
| Headquarters | Saint-Augustin-de-Desmaures, Quebec, Canada | Sarasota, Florida, United States |
| Intended users | FortaRisks describes its platform as built for regulated sectors and critical infrastructure, and lists finance, healthcare, manufacturing, energy, public sector and SaaS among its sectors. | 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. |
| Purpose | FortaRisks continuously cross-checks vendor questionnaires against external scans of vendor attack surfaces and flags divergences between declared and observed posture. | RiskWatch helps organizations identify, assess, monitor, and report risks introduced by vendors and other third parties. |
| Questionnaires | The product offers 24-, 39- and 139-question assessment levels across 9 domains and 35 control domains, plus 6 optional thematic modules. | Pre-built questionnaire libraries include SIG, CAIQ, and NIST 800-161, and customers can upload custom questionnaires. |
Plans
FortaRisks Third-Party Risk
- AdvancedPriced on request
- EnterprisePriced on request
- EssentialPriced on request
RiskWatch Vendor Risk Management
- EnterprisePriced on request
- GrowthPriced on request
- StarterPriced on request
In their own words
FortaRisks Third-Party Risk
FortaRisks Third-Party Risk has no write-up on Specifiction yet; its figures are above.
RiskWatch Vendor Risk Management
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.