- TPRM :
- Third Party Risk Managemenet
Third Party Risk Management (TPRM) refers to the structured process organizations use to identify, assess, monitor, and mitigate risks arising from relationships with external vendors, suppliers, service providers, and other third parties. These risks can include cybersecurity, data protection, compliance, operational resilience, financial stability, and reputational impact. Effective TPRM ensures that third parties meet defined security and governance requirements throughout the entire lifecycle of the relationship—from onboarding and contracting to ongoing monitoring and offboarding.