Key Steps to Developing an Effective Third-Party Risk Management Program | UpGuard

This document explains Third-Party Risk Management (TPRM) best practices and core components—security posture evaluation, vendor risk assessment, remediation, selection, contractual terms, incident response planning, and continuous monitoring—while outlining common third-party risks and regulatory drivers; it also promotes UpGuard's Vendor Risk platform, security ratings, and automated questionnaire and monitoring features as tools to implement an effective TPRM program.