Third-Party Risk Management Example | UpGuard

High-level guidance on Third-Party Risk Management (TPRM) for a financial service using AWS: the document outlines six steps — scoping risk categories (operational, data breach, compliance, supply chain), gathering evidence (trust/security pages, automated scans, questionnaires), classifying the vendor as critical, performing full risk assessments (PCI DSS, NIST CSF, privacy and custom questionnaires), managing remediation (including fourth‑party monitoring), and continuous real-time monitoring using platforms like UpGuard to maintain visibility and prioritize critical risks.