A Guide to Third-Party Risk Management in the Financial Sector | UpGuard

## Executive Summary This document is a practical guide for financial organizations on managing third-party risk, outlining types of third-party risks (cybersecurity, operational, compliance, reputational, financial, strategic), key regulatory requirements, risk assessment and vendor tiering practices, due diligence and continuous monitoring, and incident response best practices, while promoting UpGuard's vendor risk and data breach detection products.