Third-Party Risk Management FAQs
Learn more about Third-Party Risk Management and how it helps you minimize and manage vendor risk.
Managing Risks from Third-Party Vendors and Partners
Discover how Third-Party Risk Management can help your business assess, monitor, and mitigate risks associated with external vendors and service providers.
Third-Party Risk Management FAQs
A vendor refers to any external company or entity that an organization does business with, providing goods, services, or access to data; this includes suppliers, contractors, service providers, and business partners.
A third party a refers to any external entity (like a vendor, supplier, service provider, or business partner) that an organization relies on to conduct its operations.
Third-party risk management (TPRM) is the process whereby companies monitor and manage interactions with all external parties with which they have a relationship.