IT Security refers to products and services that protect digital systems and data from cyber threats and unauthorized access. This category includes markets that focus on network security, identity management, data protection, and cloud security, enabling organizations to reduce risk, ensure compliance, and operate securely in a digital world.
Gartner defines IT vendor risk management (IT VRM) as the discipline of addressing the residual risk that businesses and governments face when working with external service providers, IT vendors and related third parties. The scope typically addresses risks related to data protection, business continuity, security and other risk domains as relevant to laws, regulation and industry practices.
Vendor Due Diligence Services refer to a structured, comprehensive set of assessments that evaluate the suitability, reliability, and compliance posture of external vendors or suppliers before engagement, typically reviewing financial stability, legal and regulatory compliance, operational capabilities, security practices, reputation, and overall risk exposure. The objective is to ensure third parties meet organizational standards and can deliver consistently, safely, and in alignment with business goals; by identifying risks early—such as financial weaknesses, compliance gaps, or operational vulnerabilities—these services support well‑informed decisions, regulatory adherence, data protection, operational continuity, and brand protection. Typical users include Procurement/TPRM, Legal/Compliance, InfoSec, Finance, and Supply‑Chain/Operations teams, who assess vendors for compliance, financial stability, security, and operational performance before onboarding. As core features, Legal & Regulatory Compliance Checks verify corporate existence, licenses/permits, beneficial ownership (UBO), and litigation/regulatory history to confirm lawful operation and jurisdictional fit, while Financial & Credit Health Assessment reviews audited financials, key ratios (liquidity, leverage), cash‑flow trends, and credit ratings to surface solvency and continuity risks before they disrupt services.