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Glossary › Vendor Risk Assessment
What is Vendor Risk Assessment?
Vendor risk assessments identify threats, vulnerabilities, data sensitivities, and control adequacy for each vendor. They support risk scoring, tiering, and approval decisions in TPRM.
FAQs
When are risk assessments required?
At onboarding and periodically.
Do assessments require evidence?
Yes, evidence supports accuracy.
Does assessment depth vary?
Yes, based on risk tier.
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