3rdRisk assessment

In this article, we will guide you through the process of filling in a 3rdRisk assessment. Feel free to look at our home page 3rdRisk.com and support.3rdRisk.com for additional information about our platform. If you have questions or feedback, please reach out to support@3rdRisk.com.

What is 3rdRisk?

You have been requested to fill in a 3rdRisk assessment, but what does this mean?

3rdRisk is a third-party risk and compliance platform that helps professionals simplify and automate their risk management. By using 3rdRisk, organisations can assess and monitor the risks associated with their vendors, suppliers, and other external partners more efficiently.

In this case, you are considered a third party that plays a role in the operations of the organisation that requested this assessment. Completing the 3rdRisk assessment allows your partner organisation to better understand your risk profile, including how you handle compliance, data security, business continuity, and/or other key areas of responsibility.

The goal of this process is to build trust, ensure transparency, and support a mutually secure business relationship. By filling out the assessment accurately and promptly, you’re contributing to a safer and more compliant supply chain ecosystem.

Filling in a 3rdRisk assessment

1. Open e-mail

Click on Start your 3rdRisk assessment in the invitation email. You will be directed to the 3rdRisk Assessment Portal. Then, enter the password you received via e-mail to start the assessment.

If you feel like you are not the designated person to fill in this assessment, please contact the person who requested the assessment. You will find their email address by hovering over their name.

2. 3rdRisk Assessment Portal

The 3rdRisk Assessment Portal is an online collaborative environment where organisations can securely fill in their third-party assessments.

Key security features are in place to keep your information secure and private:

• You can only access an assessment with unique and securely generated URLs and passwords provided via the personalised invitation email.
• Communication between you and the assessment portal is encrypted.
• The assessment results are only accessible by the requestor(s) listed in the invitation email.
• The complete infrastructure of 3rdRisk, including the online assessment portal, is hosted in the European Union.
• For an additional layer of security, you may want to add Multi-factor Authentication (MFA) on your assessment. This further increases protection of your sensitive information.

3. Fill in the questionnaire(s)

The requestor has prepared one or more questionnaires for your organisation to complete. 

1. To start, please provide your general organisation information. This includes information such as your organisation address and contact details.
2. Continue to the questionnaire(s). In this section, you will be asked to provide answers to domain questions. For instance, you will be asked if you have an accredited ISO 22301 certification, to which you have multiple answer options. When selecting an answer, you will find that some answers require a comment (balloon) or attachment (paperclip) as additional evidence. Click on the info icon to get more information regarding the question or the expected evidence.
3. Questionnaires are subdivided into domains. You may invite others to complete certain domain questions if they are outside your expertise or responsibility. Click on user icon in the top right bar to invite others. They will gain access to the domains you assign them by accepting the email invitation. You will receive notice when they have finished their specific questionnaire domain.
4. You may pause at any time and return to your questions later. Your progress is saved automatically. Use the filter button to only see unanswered questions.
5. After all questionnaires have been completed, move on to the confirmation step. You will be asked to fill in the responder details. For the integrity of your answers, the platform also asks you to confirm that you are an authorised representative of the organisation and that your answers are true to the best of your knowledge. Then, confirm your answers and submit the assessment to finish. You can't change answers  after submitting.

What happens next?

The assessment gets closed and you will receive a confirmation email. We will inform the requestor that your assessment is ready for review. The requestor will review your answers and either request additional clarification or accept and close the assessment.

Additional clarification needed

Based on the review, the requestor can request additional details on your provided answers. In that case, you will receive another invitation via email with a new link to the assessment portal. When you have responded to all review comments, you can proceed to the final step and fill in/update the responder details. The requestor will again review your response. They will either have additional review comments or approve and close the assessment.

Assessment accepted

You will receive a confirmation that your assessment was approved and closed by the requestor. Thank you for filling out a 3rdRisk assessment!