Third-party risk management (TPRM) as a key security consideration

TPRM has become a key focus for organizations. Security teams are receiving board-level pressure to implement a TPRM program, causing them to assess all aspects of their TPRM lifecycle. When given a closer look, the importance of the role that the third party and third-party risk assessments play in maintaining a strong security posture across the organization is magnified.

The TPRM lifecycle

Managing third parties is more than a one-time assessment. It is a relationship that must be managed throughout the third-party risk management (TPRM) lifecycle, from screening, onboarding, assessment, risk mitigation, monitoring, and offboarding. There are areas for automation throughout the lifecycle that can help your organization streamline workflows and scale their TPRM program and workflows, saving time, resources, and reducing risk.

Download the eBook for a step-by-step look at mastering the TPRM lifecycle across the enterprise.

How Can OneTrust Help?

The OneTrust platform leverages expertise in GRC, specializing in Third-Party Risk Management, Privacy, Incident Management, and many other categories to deliver an immersive security and privacy management experience. Reduce your vendor, supplier, and third-party risks with OneTrust Third-Party Management software and Third-Party Risk Exchange. The software enables you to run compliance checks and screen vendors. Additionally, our software empowers organizations to conduct vendor risk assessments and mitigate risks through highly customizable workflow automation. The OneTrust Third-Party Risk Exchange enables businesses to access to risk analytics and control gap reports on vendors, and provides vendors with an opportunity to centralize their compliance details and promote them to thousands of OneTrust customers to easily share.