Third-Party Risk Management Policy Template (Free) | UpGuard

This document is a detailed Third-Party Risk Management (TPRM) policy and template that outlines the program purpose, organizational roles (CISO, TPRM team, TPRM leads, department heads), oversight mechanisms, minimum security requirements, vendor onboarding and due-diligence procedures, vendor criticality classification, ongoing monitoring and response processes, contract termination steps, and recommended vendor risk tools (security ratings, questionnaires, penetration testing, compliance tracking, portals, and alerting). It serves as prescriptive guidance to help organizations assess, mitigate, monitor, and document third-party cybersecurity and compliance risks rather than reporting any specific security incident.