Cyber Vendor Risk Management (Cyber VRM) Best Practices | UpGuard

This article explains what [Cyber VRM] is, how it differs from broader TPRM/VRM, and outlines seven best practices to strengthen third- and fourth-party cybersecurity: managing vendor relationships; standardizing pre-onboarding assessments with tailored questionnaires and security ratings; continuously monitoring vendors with ratings, data leak detection, and remediation; defining KPIs/SLAs (especially for sensitive data like PHI/PII) and enforcing performance; extending oversight to fourth parties; building cyber resiliency via business continuity, disaster recovery, and incident response planning; and leveraging dedicated Cyber VRM solutions (e.g., UpGuard Vendor Risk) to automate assessment, monitoring, and remediation.