Cybersecurity Compliance Support (Third-Party Assessment Provider)

The contract engages a third-party provider to deliver cybersecurity validation services for financial institutions by administering and certifying the Cyber Risk Assessment Questionnaire as an alternative to traditional SOC-2 reports. This arrangement shifts the compliance burden from standardized auditing frameworks to a specialized, tailored assessment process designed to evaluate and validate the cybersecurity postures of financial entities. The provider is responsible for ensuring the integrity, consistency, and regulatory alignment of the questionnaire throughout its deployment, maintaining rigorous standards for certification without reliance on established external audit reports. The agreement is structured as a subcontract under the NAICS code 541612, targeting cybersecurity consulting and related services, with a response deadline of June 1, 2028, and a posted date of July 31, 2026. It is affiliated with the Finance agency in California, though specific office locations and point of contact details are not provided. The scope emphasizes replacing SOC-2 validation with a proprietary assessment framework, implying the need for the provider to establish credible, audit-ready methodologies that financial institutions can confidently use for regulatory and partner compliance purposes. The contract does not specify set-aside status or geographic performance constraints beyond the broader jurisdiction of California.