TPRM · Basics

What is Third-Party Risk Management (TPRM)?

TPRM is the systematic process of identifying, assessing and managing risks from external partners and suppliers.

Third-Party Risk Management (TPRM) refers to the systematic identification, assessment and continuous monitoring of risks arising from external service providers, suppliers and partners.

Why is TPRM so important?

Companies today outsource up to 70% of their IT services to external providers. Each of these providers is a potential entry point for cyberattacks — traditional security measures only protect your own infrastructure, not your suppliers'. TPRM closes this gap.

62% of all data breaches

originate from the supply chain — not from within the company itself. TPRM is therefore not an optional add-on, but business-critical.

The TPRM Process: 5 Phases

A structured TPRM program covers: (1) inventory of all third parties, (2) risk assessment by criticality, (3) due diligence and assessment, (4) continuous monitoring, (5) incident response. 360TPRM automates all five phases in one integrated platform.

Continuous instead of annual

Classic TPRM solutions work with annual questionnaires. 360TPRM delivers continuous monitoring — risks are detected before they escalate.

TPRM and regulatory requirements

NIS2, DORA and ISO 27001:2022 explicitly require structured management of third-party risks. Companies that do not meet these requirements risk fines and management liability. 360TPRM is natively aligned with these regulations.

NIS2 & DORA ready

360TPRM natively covers TPRM requirements from NIS2 Art. 21, DORA Art. 28-44 and ISO 27001:2022 Annex A.5.19 — without manual framework mapping.

FAQ

What is Third-Party Risk Management (TPRM)?+

TPRM is the systematic process of identifying, assessing and continuously monitoring risks from external service providers, suppliers and partners — to protect your organization from cyberattacks, compliance violations and operational disruptions.

What is the difference between TPRM and Vendor Risk Management (VRM)?+

VRM is a subset of TPRM. TPRM covers all third parties (suppliers, partners, subcontractors, cloud providers), while VRM focuses primarily on direct suppliers.

Which regulations require TPRM?+

NIS2 (Art. 21), DORA (Art. 28-44), ISO 27001:2022 (Annex A.5.19-5.22), TISAX and BSI IT-Grundschutz all require structured management of third-party risks.

How does 360TPRM differ from classic TPRM solutions?+

360TPRM combines continuous cyber intelligence monitoring, automated compliance validation and a Global Risk Map in one platform — instead of annual questionnaires and manual evaluation.

Automate TPRM with 360TPRM

See in a 45-minute demo how 360TPRM specifically meets your requirements.

Request free demo →