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.


Managing Third-Party Risk: 3 Lessons from 2019

3 min read
Featured Image

In third party risk management, each passing year provides more unique perspective. In 2019, there was certainly a strong focus on data security, clarifying unclear regulations – like “abusive” in Unfair, Deceptive, Abusive Acts or Practices (UDAAP) – and more. And, there were absolutely a few lessons learned.

3 Third Party Risk Management Lessons from 2019

1. Data breaches can happen to any vendor – even your largest ones.

Take Facebook for example. As of the third quarter in 2019, the social media platform, Facebook, had over 2 billion active users. You’d think a large company like Facebook would have the best of the best in place to combat hackers, right? Wrong. In April 2019, over 540 million records were publicly exposed due to a breach. This was just one of the multiple data security breaches Facebook became victim to last year.

What does this mean for you? Do your due diligence! Don’t assume the big-name companies have it all squared away. Keep in the back of your mind that a data breach can happen to anyone. Put precautions in place internally and request your vendors strengthen their controls, when needed. Remember, the only way you can request they strengthen their controls, however, is by doing your due diligence and knowing beforehand if their security controls are faulty in the first place.

2. Customer service is at the forefront of it all.

After some back and forth uncertainty, the Consumer Financial Protection Bureau (CFPB) announced that the CFPB consumer complaints database will remain public. This means, anyone can access the database online and read complaints. Also, anyone can access the database online and submit a complaint.

What does this mean for you? Proactively address complaints as they happen. Great customer service should always be a top of mind goal for an organization, but if you receive a complaint you should address it right away. Reach out to the customer who complained and respond to their issue – both verbally and in writing. You always want to respond in written format as well since documenting your efforts is a key part of third party risk management in every scenario, not only complaint management. Try to smooth over a complaint before it hits the CFPB consumer complaints database, as once it’s there it’ll be publicly viewable for a while. And, be on the lookout if any complaints show up on your vendors.

3. Regulatory reform isn’t on the horizon.

At least not in the immediate future. In 2018, there was a lot of talk about regulatory reform and it likely made many compliance officers excited. However, in 2019 we learned that regulatory reform isn’t likely going to happen any time soon. In fact, new regulations, like the California Consumer Privacy Act effective as of January 1st, are being announced and are more stringent than ever.

What does this mean for you? Keep doing what you’re doing. Don’t step back and let third party risk management take the backburner. Continue to review regulations, include regulations and vendor management best practices within your program practices, monitor your vendors, do your due diligence, analyze due diligence thoroughly and more. Basically, all of the third party risk efforts you’ve been doing up to this point should not stop.

Of course, the list can go on and on, but I think these are some of the most important lessons to note. Share these with your colleagues and make sure you’ve implemented processes that make it apparent to examiners, senior management, the board and stakeholders that you noticed these things happening in 2019 and you’ve learned from it and are implementing each lesson into your program.

Need a quick tool to navigate vendor risk management? Download this useful cheat sheet. 

risk management cheat sheet

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