What Is Third-Party Risk Management (TPRM)?
Your security team has hardened your perimeter. You have MFA enforced, endpoint detection running, and your crown-jewel systems are locked down tight. Then a vendor you onboarded two years ago, a mid-size SaaS tool your procurement team signed off on, gets breached. They had access to your customer data. Now it is your problem. This is the third-party risk problem in one paragraph. And it is why TPRM has moved from a compliance checkbox to a board-level conversation.