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Glossary › Third-Party Oversight
What is Third-Party Oversight ?
Oversight includes assessments, performance reviews, monitoring, remediation tracking, and contract compliance checks. It ensures third-parties maintain expected controls throughout the relationship. In TPRM, oversight is required for both critical and regulated vendors.
FAQs
Why is oversight ongoing?
Vendor risk changes over time.
Does oversight include monitoring tools?
Yes, automated tools enhance visibility.
Is oversight required by regulators?
Yes, in many sectors.
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