What To Include in Your Third-Party Due Diligence Questionnaire
There are many reasons why companies must choose their business relationships carefully. From downtime due to supply chain disruption to data breaches due to a lack of strong internal controls, third-party risk comes in plenty of forms.
What Happened
HyperComply published a guide on what to include in a third-party due diligence questionnaire, framed around the forms third-party risk takes such as downtime, breaches, and weak controls. It is evergreen educational vendor content originally dated 2022.
Why It Matters
Teams standing up or refreshing a vendor due diligence process can use it as a starting checklist for question coverage across operational, security, and continuity risk. The age of the content means buyers should cross-check it against current regulatory and framework expectations rather than treat it as up to date.
Market Implications
Continued surfacing of foundational due diligence content indicates persistent demand from teams new to formal third-party risk, suggesting the buyer base is still expanding beyond mature security organizations. It also shows the questionnaire-sending side of the market drawing the same vendor education effort as the answering side.
Competitive Implications
Owning the requesting-side how-to content positions HyperComply across both sides of the questionnaire exchange rather than only the response workflow. Rivals focused mainly on answer automation may cede this educational ground, while TPRM-first vendors compete more directly for the same due-diligence audience.