You can outsource services. 
You can't outsource accountability. 

Every vendor you bring on, a CRM, a transcription tool, an AI assistant, becomes part of your business's risk, whether you checked them first or not. If something goes wrong on their end, your business still answers for it.

Vendor risk & compliance

Your regulatory obligations

Privacy Act (APP 11)

Requires reasonable steps to protect personal information, including information handled by vendors on 
your behalf.

APRA CPS 234

Requires regulated entities to manage information security risks arising from third parties, including maintaining oversight of vendor security controls.

ASIC

Expects licensees to maintain adequate oversight of outsourced services and third-party arrangements as part of their regulatory obligations.

ACNC Governance Standards

Require charities to manage risks prudently, which extends to risks introduced through third-party vendors and service providers. 

What is a vendor risk assessment? 

A Vendor Risk Assessment is a structured, independent check of how a vendor handles your data and whether their controls actually hold up, not just what their sales page claims.

Unsure if you need a full Vendor Risk Assessment? Complete the calculator to find out. 

DELIVERED IN PARTNERSHIP

Meet Advanta Advisory 

Advanta Advisory provide expert support and actionable frameworks and tools for Governance, Risk and Compliance that actually work, so your organisation can make confident, accountable decisions every day. They bring the technical expertise and a client-focused approach to help our partners build real capability in privacy, cyber security, data governance and AI. 

Disclaimer: This calculator is an indicative guide only. It is designed to help you determine whether a formal Vendor Risk Assessment is recommended and to support your demonstration of vendor due diligence. It is not a substitute for a formal Vendor Risk Assessment, and it makes no representation about the actual security posture of any vendor named. Results are based solely on the information you provide.