Free VRM Checklist For CISOs (2023 Edition) | UpGuard

This document provides a comprehensive overview of Vendor Risk Management (VRM), detailing how to conduct audits, structure an operating model (Three Lines of Defense), and apply extensive checklists for vendor qualification, engagement, information security management, service delivery, and termination. It emphasizes continuous monitoring, review of governance artifacts (e.g., SOC 2/ISO, policies, financials), and the integration of security controls across the vendor lifecycle, while highlighting UpGuard’s offerings—such as security ratings, questionnaire templates, and AI Autofill—to streamline third-party risk assessments and ongoing oversight.