Third-Party Risk Management Strategies Effective third-party risk management (TPRM) is essential to safeguard your organization from potential vulnerabilities posed by external vendors. Key strategies include conducting thorough due diligence, assessing vendor cybersecurity practices, enforcing clear contractual obligations, and regularly monitoring vendor performance. Implementing risk assessments, continuous audits, and contingency plans helps ensure that third-party relationships do not compromise your organization's security, compliance, or operational efficiency. More Info – https://www.infosectrain.com/blog/understanding-of-third-party-risk-management/