Continuous Improvement (TPR-002-R010) - TPR-002

Requirement Details & Guidance

TPR-002-R010 · TPR-002

Why This Requirement Exists

This requirement exists to assess third-party risk before engagement and periodically thereafter, including security, privacy, financial, compliance, scoring, acceptance, reporting, review, and improvement, specifically addressing continuous improvement, so that third-party risks remain identified, controlled, and aligned with organizational risk appetite.

Implementation Guidance

Establish and document the process for continuous improvement. Define accountable owners, required inputs and outputs, assessment or approval criteria, review frequency, monitoring, reporting, exception handling, evidence requirements, and escalation paths. Apply the process consistently across relevant third parties based on criticality, data sensitivity, service dependency, and risk.

Practical Application & Audit Readiness

TPR-002-R010 · Field Guidance

Business Examples

Common Audit Findings

Common Mistakes

Best Practices & Ownership

TPR-002 · Recommended Approach

Recommended Practices

Typical Owner

Cross-Mapped Regulatory Frameworks

Harmonized Control Mappings

FRAMEWORK CODE	FRAMEWORK NAME & DETAILS	FAMILY / CATEGORY	VERSION	ACTION
ISO27001	ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for... Clause: 10.1 – Continual improvement	ISO Standard	v2022	View →
RBI-CSF	RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set... Clause: 11) Vendor Risk Management – 11.2 Risk assessment for outsourcing critical processes and vendor/partner selection; 11) Vendor Risk Management – 11.3 Due diligence, oversight and management of third-party vendors/service providers/partners	India Regulation	vLatest	View →
SEBI-CSCRF	SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 1.6 GV.SC: Cybersecurity Supply Chain Risk Management	India Regulation	vLatest	View →
DORA	Digital Operational Resilience Act The EU Digital Operational Resilience Act establis... Clause: Article 28(1) – General principles for ICT third-party risk management Article 28(3) – Contractual arrangements for ICT services and third-party risk	EU Regulation	vCurrent	View →
NIS2	NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: Article 21(2)(d) – Supply chain security, including relationships with direct suppliers/service providers Article 21(3) – Supplier vulnerabilities, product/cybersecurity quality and secure development; critical supply-chain risk assessment results	EU Directive	vCurrent	View →
PCI-DSS	PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.8.1 – A list of all third-party service providers; 12.8.2 – Written agreements with TPSPs are	PCI Standard	v4	View →
COBIT2019	COBIT COBIT is an enterprise governance and management f... Clause: 4.5 – Monitor, Evaluate and Assess (MEA) > MEA03 – Managed Compliance with External Requirements > MEA03.01 – Identify external compliance requirements.	COBIT Governance Framework	v2019	View →
NIST-CSF	NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.SC – Cybersecurity Supply Chain Risk Management \| GV.SC-01 – A cybersecurity supply chain risk management program, strategy, objectives, policies, and processes are established and agreed to by organizational stakeholders GV.SC – Cybersecurity Supply Chain Risk Management \| GV.SC-07 – The risks posed by a supplier, their products and services, and other third parties are understood, recorded, prioritized, assessed, responded to, and monitored over the course of the relationship	NIST Framework	v2	View →
NIST80053	NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.20 – SUPPLY CHAIN RISK MANAGEMENT; SR-6 – SUPPLIER ASSESSMENTS AND REVIEWS	NIST Control Catalog	vRev. 5	View →
CIS-V8	CIS Controls CIS Controls are a prioritized set of cybersecurit... Clause: Control 15 – Service Provider Management: 15.5 – Assess Service Providers	CIS Best Practice	vv8	View →
SOC2	SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting... Clause: CC9.2 – Risk Mitigation – The entity assesses and manages risks associated with vendors and business partners. CC4.1 – Monitoring of Controls – COSO Principle 16: The entity selects, develops, and performs ongoing and/or separate evaluations to ascertain whether the components of internal control are present and functioning. CC4.2 – Monitoring of Controls – COSO Principle 17: The entity evaluates and communicates internal control deficiencies in a timely manner to those parties responsible for taking corrective action, including senior management and the board of directors, as appropriate.	AICPA Audit Framework	vLatest	View →

Parent Domain Context

Governance Domain Baseline

Domain Name:

Third-Party & Supply Chain Security (TPR)

Purpose:

To manage the security and privacy risks associated with third-party vendors and partners.

Scope:

Enterprise

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Parent Control Context

Control Baseline

Control Name:

Third-Party Risk Assessment & Due Diligence (TPR-002)

Summary:

Establishes third-party due diligence including vendor risk assessment, security assessment, privacy assessment, financial assessment, risk scoring, risk acceptance, reporting, review, and continuous improvement.

Business Description:

Establish and maintain processes to perform security, privacy, operational, financial, regulatory, and business due diligence and risk assessments for third parties before engagement and throughout the relationship lifecycle.

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