A Guide to Risk Criteria in Vendor Risk Assessments | UpGuard

This guide explains how to conduct vendor risk assessments by categorizing risks into cybersecurity, financial, operational, legal/compliance, and reputational areas, detailing specific assessment criteria and real-world examples for each. It prescribes a six-step VRM process—identify & tier, collect risk data, assess, assign scores, mitigate, and monitor & review—along with practical checklists, scoring guidance, contractual controls, and recommendations for continuous monitoring and reassessment cadence.