Though very helpful in representing the efficacy of a service provider’s https://www.upguard.com/blog/third-party-risk-management program, SOC reports aren’t always available. In this post, we outline three different alternatives for assessing the efficacy of third-party security controls when a SOC report isn’t available.
In Vendor Risk Management, the terms risk assessment and security questionnaires are commonly used interchangeably.
Examples of security questionnaires that evaluate the data security standards for third-party vendors include.
https://www.upguard.com/blog/top-vendor-assessment-questionnaires>When opting for a risk assessment over a SOC report, it’s essential to https://www.upguard.com/blog/unprepared-for-soc-audit covered in each type of SOC report - SOC 1, SOC 2, and SOC 3.