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Template

Regulatory Risk Assessment

Identify which regulations actually apply to your vendors

  • Regulatory Applicability Matrix by Vendor
  • Data Classification and Regulation Mapping
  • Compliance Requirement per Regulation
  • Control Alignment and Validation
  • Documentation and Audit Trail Requirements
  • Remediation Roadmap by Regulation
  • Board Reporting on Multi-Framework Compliance
  • Conflict Resolution between Overlapping Regulations
Regulatory Risk Assessment
 

You operate under HIPAA, GDPR, PDPA, SOX, PCI, NIST. But which regulations apply to which vendors? This framework maps vendor dependencies to regulations. Answer: Does this data processor need HIPAA compliance? GDPR? Both? One source of truth.

You operate under HIPAA, GDPR, PDPA, SOX, PCI, NIST. But which regulations apply to which vendors? This framework maps vendor dependencies to regulations. Answer: Does this data processor need HIPAA compliance? GDPR? Both? One source of truth.

Why consistency matters

Vendor risk assessment is foundational to everything downstream: tiering decisions, monitoring priorities, remediation focus, board reporting. If your assessment is ad-hoc, everything else is unreliable.

A solid assessment framework gives you:

  • Comparable vendor scores - actually compare vendors against each other
  • Audit-ready documentation - show auditors exactly how you assessed and why
  • Faster cycles - standardized questions mean less customization
  • Clear escalation triggers - when a score drops, you know what to do

How to use this:

You have two paths forward. You can build this yourself using the template. Start by customizing it for your specific industry and risk profile, then send it to vendors to complete. As responses come in, you'll track them in a spreadsheet and score them manually. It takes time and effort to coordinate, but you own the entire process and can adjust it whenever you need.

Alternatively you can use ComplyScore®.
Instead of vendors filling out spreadsheets and you doing manual scoring, vendors answer once in the platform and scoring happens automatically. Risk trends appear in real-time, so you're not waiting weeks for data. Every vendor gets assessed using the exact same framework without shifting criteria or inconsistencies.
And here's the key difference: monitoring continues automatically without you having to rebuild the framework every quarter.