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Third-party risk management (TPRM) provides organizations with visibility into the risks introduced by external partners, suppliers, and service providers. As organizations rely more heavily on cloud services, outsourced operations, and specialized vendors, third-party relationships have become a primary source of operational, cybersecurity, and compliance risk.

This section explains the role of TPRM, how it fits within governance and risk management programs, and why mature organizations treat third-party risk as a resilience priority rather than a procurement task.