This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Third-Party Risk Management FAQs
lea
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.