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Glossary › Third-Party Risk Management (TPRM)
Third Party Risk Management Definition
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.
Responsible-AI TPRM Guide
Discover how risk teams apply AI responsibly to reduce third-party blind spots and stay audit-ready across global regulations.