This requirement exists to identify, assess, mitigate, monitor, report, review, and improve concentration risks arising from third-party, geographic, technology, and critical dependency concentrations, specifically addressing critical dependency identification, so that third-party risks remain identified, controlled, and aligned with organizational risk appetite.
Establish and document the process for critical dependency identification. 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.
| FRAMEWORK CODE | FRAMEWORK NAME & DETAILS | FAMILY / CATEGORY | VERSION | ACTION |
|---|---|---|---|---|
| IRDAI | IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §2.14-3.1 – Vendor IS classification; §2.14-3.4 – Periodic assessment; §1.8-III – Technology Risk Assessment Process |
India
Guideline
|
vLatest | 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 – 11.4 Framework to assess, approve, review, control and monitor vendor/outsourcing risks and materiality |
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 29 – Preliminary assessment of ICT concentration risk at entity level Article 28(2) – ICT third-party risk strategy and review |
EU
Regulation
|
vCurrent | View → |
| NIS2 | NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: 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: 4.2 – Align, Plan and Organize (APO) > APO12 – Managed Risk > APO12.03 – Maintain a risk profile. |
COBIT
Governance Framework
|
v2019 | View → |
| ISO22301 | ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 4.2.1 – General; 6.1.1 – Determining risks and opportunities; 8.2.3 – Risk assessment; 8.3.4 – Resource requirements |
ISO
Standard
|
v2019 | View → |
| NIST-CSF | NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.OC – Organizational Context | GV.OC-05 – Outcomes, capabilities, and services that the organization depends on are understood and communicated |
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-2 – SUPPLY CHAIN RISK MANAGEMENT PLAN, SR-6 – SUPPLIER ASSESSMENTS AND REVIEWS |
NIST
Control Catalog
|
vRev. 5 | 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. CC9.1 – Risk Mitigation – The entity identifies, selects, and develops risk mitigation activities for risks arising from potential business disruptions. |
AICPA
Audit Framework
|
vLatest | View → |