What is Vendor Risk Management or TPRM?

Explore how 6clicks can help with your vendor risk assessment and management program

Third-party risk management is the process of analysing and monitoring risks associated with outsourcing to third-party vendors, suppliers or service providers. This can include evaluating risk associated to an organization's intellectual property, data, operations, finances or sensitive information.

The 5 Top Questionnaires to Assess Vendor Cybersecurity in 2022

Aug 08, 2022

The 5 Top Questionnaires to Assess Vendor Cybersecurity in 2022 Third-party risk management, or TPRM, can be a time consuming task for any...

Managing Third-Party Cyber Risk in 2022

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Many people view risk in business as something that should be avoided at all costs. However, we believe that with the appropriate third-party risk...

Revealed: How to Develop Effective Cyber Vendor Governance

Sep 11, 2019

Revealed: How to develop effective cyber vendor governance There’s no doubt that working with third-party vendors and/or suppliers carries a very...

What is vendor risk management?

Vendor Risk Management (VRM) is a set of processes to identify, assess, and manage the risks that arise when an organisation deals with a third-party vendor. VRM helps organisations deal with the risks holistically when an engagement with a third-party vendor or supplier who has access to products, services, and information within the organisation.

How do you automate vendor risk management?

Automation can simplify vendor risk management can automate vendor risk assessment and make it easier to identify, manage, and treat risks. Know more about how 6clicks can automate Vendor Risk Management (VRM) or Third-party Risk Management (TRPM).

Why is vendor risk management important?

Vendor risk management is important so that you can engage with third-party vendors and suppliers without the fear of increasing your risk exposure and becoming susceptible to external threats. It reduces the frequency and severity of data breaches, cyber attacks, data leaks, etc. and provides a secure environment.