home/glossary/third party risk assessment

third party risk assessment

nounverified· unreviewed·updated Aug 30, 2026

The process of identifying and determining the risk associated to a specific third party.

MWEFFIEC Cybersecurity Assessment Tool, Baseline, May 2017

Classifications

Entity Type

Process0%rule-basedmulti_axis_classifier_low_confidence.v1
?unassignedlast reviewed

Sensitivity

Internal70%llm-generatedllm:claude-haiku-4-5
?unassignedlast reviewed

Information Class

unclassified

Variants

synonym
third-party risk assessment
plural
third party risk assessments
possessive
third party risk assessment's
pluralpossessive
third party risk assessments'