Continuous Monitoring for Vendor Risk Management in 2024 | UpGuard

### Executive Summary This document is a comprehensive guide to continuous vendor risk monitoring within Third-Party Risk Management (TPRM), outlining why ongoing monitoring is necessary, the core components (onboarding, automated scanning, live intelligence feeds, dark web monitoring, AI-driven scoring, compliance tracking, reporting, and offboarding), typical monitoring cadences, common challenges (manual processes, point-in-time assessments, insufficient data, scalability), best practices (automation, tailored monitoring, regular reviews, collaboration), and the vendor features offered by UpGuard to support these activities.