RiskWatch Vendor Risk Management vs UpGuard

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.

UpGuard is a cloud platform for managing cyber risk across an organization’s vendors, digital footprint, and workforce. Vendor Risk supplies continuous vendor insights, assessments, and AI-powered workflows. Attack Surface Management monitors an organization’s digital footprint to help detect threats, while Trust Exchange provides questionnaire automation, a Trust Page, and collaboration features. The platform supports remediation tracking and advanced risk prioritization, with access through web and API. Listed integrations include Jira Cloud, Slack, and ServiceNow, plus connections to more than 4,000 apps through Zapier. Vendor Risk tiers list API access and SSO. Standard covers 50 vendors; Enterprise+ includes unlimited vendors and platform users. The free plan is available, and paid plans start at $250/mo. Standard is listed at $1,750 a month when billed annually. UpGuard says customer data is encrypted at rest and in transit, and its security program aligns with ISO/IEC 27001; it also reports SOC 2 Type II compliance and annual attestation.