How to Scale Your Vendor Risk Management Program in 2023 | UpGuard

A practical guide to implementing an effective vendor risk management (VRM) program: define policy and roles, set vendor selection standards, perform due diligence, audit regularly, and establish clear reporting; adopt best practices such as mapping third- and fourth-party attack surfaces, tiering and prioritizing high-risk vendors, verifying regulatory compliance, and continuous monitoring with automation; and scale VRM through skills assessment, managed services, automation of questionnaires and attack surface monitoring, and encouraging vendors to proactively own and demonstrate their security posture.