Openlane Logo

Third Party Risk Management (TPRM)

The practice of identifying, assessing, and managing risks introduced by vendors and other external parties.

Third Party Risk Management (TPRM) focuses on understanding and managing risks that arise from vendors, partners, and other external parties.

Activities include due diligence, contract reviews, security questionnaires, ongoing monitoring, and exit planning. TPRM programs often prioritize third parties based on criticality and data access.

Strong TPRM is increasingly important as organizations rely on a growing ecosystem of cloud services and specialized providers.

decorative circle decorative circle decorative circle decorative circle

© Copyright theopenlane, Inc. All Rights Reserved.

Openlane - Because compliance isn’t just a checkbox | Product Hunt
California Consumer Privacy Act (CCPA) Opt-Out Icon Your Privacy Choices Notice at Collection