Gain a 360-degree view of third-party risk by using our SaaS software to centralize, track, automate, assess and report on your vendors. 

Managed Services

Let us handle the manual labor of third-party risk management by collaborating with our experts to reduce the workload and mature your program. 

Document Collection
Policy/Program Template/Consulting
Virtual Vendor Management Office
Vendor Site Audit

Ongoing Monitoring

Let us handle the manual labor of third-party risk management by collaborating with our experts.

Venminder Exchange

As Venminder completes assessments for clients on new vendors, they are then made available inside the Venminder Exchange for you to preview scores and purchase as you need.


Use Cases

Learn more on how customers are using Venminder to transform their third-party risk management programs. 


Venminder is used by organizations of all sizes in all industries to mitigate vendor risk and streamline processes

Why Venminder

We focus on the needs of our customers by working closely and creating a collaborative partnership

Sample Vendor Risk Assessments

Venminder experts complete 30,000 vendor risk assessments annually. Download samples to see how outsourcing to Venminder can reduce your workload.



Trends, best practices and insights to keep you current in your knowledge of third-party risk.


Earn CPE credit and stay current on the latest best practices and trends in third-party risk management.  

See Upcoming Webinars

On-Demand Webinars



Join a free community dedicated to third-party risk professionals where you can network with your peers. 

Weekly Newsletter

Receive the popular Third Party Thursday newsletter into your inbox every Thursday with the latest and greatest updates.



Venminder Samples

Download samples of Venminder's vendor risk assessments and see how we can help reduce the workload. 

State of Third-Party Risk Management 2023!

Venminder's seventh annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.


How to Develop a Fourth-Party Risk Management Framework

4 min read
Featured Image

For many Americans, this time of year has us thinking about BBQs, firework displays, and Fourth of July parties, but today, we’re going to talk about a different kind of party that relates to third-party risk management – fourth parties! A fourth party is essentially your vendor’s vendor, or an entity that works indirectly with your organization and therefore has no contract with you. Other terms for a fourth-party vendor include subservice provider or subcontractor. 

It can get a little confusing when thinking about how your organization can manage fourth-party risk. How far do you need to go? Is fourth-party risk management something you need to consider? Can you just rely on your third-party vendors to monitor and manage your fourth parties? 

Let’s answer all those questions and more so you can feel confident in your vendor environment. 

How to Build a Framework for Fourth-Party Risk Management 

The extent to which you manage fourth-party risk will be more limited than your usual third-party risk management activities. Remember, your fourth parties don’t have any contractual obligations with your organization, so you probably aren’t going to have access to as much information. 

However, there are still steps you can take to ensure that your organization is mitigating and managing fourth-party risk:

  • Identify your critical fourth parties. Begin the process by figuring out which fourth parties should be in scope for your framework. Some of your fourth parties will pose very minor risk, so it’s best to focus on your critical fourth parties. These are, by extension, your critical vendors’ third parties. Fortunately, the SSAE 18 report makes this step a little easier by requiring your third-party vendors to identify their subcontractors in their SOC reports. 
  • Prepare for due diligence. Once you’ve identified your critical fourth parties, prepare a list of due diligence questions that you can ask your third parties. Depending on the fourth party, you may need to ask for details about business continuity and disaster recovery plans, SOC reports, cybersecurity, and finances. Overall, you want to make sure that a subject matter expert has verified that the fourth party meets the same standards as your third-party vendor. You should also ask your vendor about their due diligence practices and ask to see samples of their work. This will ensure that they are suitable to meet your standards.
  • Write requirements into the contract. Managing fourth-party risk will be a lot more effective when relevant clauses are included in your vendor contract. This might include terms and conditions about how your third-party vendor manages its subcontractors through risk-based due diligence and ongoing monitoring. Also, consider clauses that give your organization the right to audit your third party and its subcontractors and assurance that non-disclosure agreements (NDAs) are extended to both parties.

how develop fourth-part risk management framework
3 Tips for Collaborating With Third-Party Vendors for Fourth-Party Requests

An effective fourth-party risk management framework will require a strong partnership with your third-party vendors. You probably won’t get far with your requests if you start making unrealistic demands about how your fourth parties should be managed. 

Instead, consider these tips on how to collaborate better with your third-party vendors: 

  1. Highlight the mutual benefits. Managing fourth-party risk should be seen as a mutually beneficial activity for both your organization and your third-party vendor. Many of the risks associated with the fourth party can likely impact your direct vendor as well, so approach the situation in a way that shows how both of you will benefit from your organization’s strict standards. 
  2. Accept your limitations. Managing fourth-party risk can be especially challenging for those who like to take a hands-on approach to business activities. It’s important to accept that your organization won’t be directly involved in managing or monitoring your fourth parties, but will instead need to collaborate with your third-party vendors.
  3. Communicate your concerns. Your third-party vendors are more likely to obtain the information you’re requesting and address issues with your fourth parties if they understand your concerns and needs. For example, make sure to provide valid reasoning for why you’re requesting a fourth party’s SOC report. A valid reason could be that a fourth-party vendor has access to your organization’s data, so you’ll need to ensure that it’s secure with the fourth party. 

Building a fourth-party risk management framework can seem intimidating but remember that your primary focus should continue to be on your third parties. When your third-party risk management program is working effectively to your organization’s expectations, those practices will naturally extend to your fourth parties and beyond.

Subscribe to Venminder

Get expert insights straight to your inbox.

Ready to Get Started?

Schedule a personalized solution demonstration to see if Venminder is a fit for you.

Request a Demo