The Eight Phases of Third-Party Risk Management
Find out how the TPRM lifecycle can help organizations streamline workflows and scale their TPRM programs
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As third-party risk management (TPRM) becomes a key focus for many organizations, security teams are receiving board-level pressure to implement TPRM programs, meaning all aspects of their TPRM lifecycle are being placed under the microscope.
The importance of the role that the third party and third-party risk assessments play in maintaining a strong security posture across the organization is currently being magnified, as managing third parties becoming much more than a one-time assessment.
The relationship that must be managed throughout the TPRM lifecycle includes screening, onboarding, assessment, risk mitigation, monitoring and offboarding, within which there are areas for automation that can help organizations streamline workflows and scale their TPRM programs. This ebook breaks down each step of the TPRM lifecycle and what it means for your third-party risk management program.
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Download this ebook to learn how to understand:
- The different phases of the third-party risk management lifecycle.
- Why it is essential to understand and master the TPRM lifecycle.
- Where to start when pivoting to a security program built around the TPRM lifecycle.
