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Third-Party Risk Management (TPRM)

What is Third-Party Risk Management (TPRM)?

The process of identifying, assessing, and controlling risks presented throughout the lifecycle of relationships with third parties. TPRM programmes evaluate vendors' security posture, compliance status, and financial stability.

Risk Management

Frameworks that govern third-party risk management (tprm)

NIST SP 800-53 Rev 5View framework →CIS Controls v8View framework →NIST Cybersecurity Framework 2.0View framework →

Questions people ask about third-party risk management (tprm)

What is Third-Party Risk Management (TPRM)?
The process of identifying, assessing, and controlling risks presented throughout the lifecycle of relationships with third parties. TPRM programmes evaluate vendors' security posture, compliance status, and financial stability.
Why is Third-Party Risk Management (TPRM) important for compliance?
Third-Party Risk Management (TPRM) is a key concept in Risk Management. Understanding third-party risk management (tprm) helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Where can I learn more about Third-Party Risk Management (TPRM)?
Explore our compliance framework pages to see how third-party risk management (tprm) applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Third-Party Risk Management (TPRM) applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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Written and maintained by Gerard Blokdyk, The Art of Service.