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Third-Party Risk Management (TPRM)

Last updated: Nov 26, 2025

Glossary › Third-Party Risk Management (TPRM)

What is Third-Party Risk Management (TPRM)?

TPRM covers onboarding, due diligence, monitoring, issue tracking, contract governance, and offboarding. It ensures vendors meet security, compliance, operational, and financial requirements. TPRM aligns vendor relationships with enterprise risk appetite.

FAQs

Why is TPRM necessary?

Vendors extend the attack surface and compliance obligations.

Is TPRM continuous?

Yes, throughout the vendor lifecycle.

Does TPRM apply to all vendors?

Yes, but depth varies by risk.

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