Third-party risk management (TPRM) is no longer a periodic compliance exercise; it’s a strategic imperative. As organizations expand their digital ecosystems, managing third-party risk becomes more complex and critical. Siloed point solutions, manual processes, and fragmented oversight lead to blind spots that expose organizations to regulatory gaps and cybersecurity threats.

*** This is a Security Bloggers Network syndicated blog from CyberSaint Blog authored by Maahnoor Siddiqui. Read the original post at: https://www.cybersaint.io/blog/the-6-steps-of-the-third-party-risk-management-lifecycle