What is the Vendor Risk Management Lifecycle? | UpGuard

This article describes the vendor risk management (VRM) lifecycle — onboarding, ongoing risk management, and continuous monitoring — and explains recommended activities for each phase. It highlights how UpGuard Vendor Risk automates evidence collection, security ratings, questionnaires, continuous scanning, and AI-assisted workflows to streamline vendor assessment, remediation, and monitoring rather than reporting any security incident or technical compromise.