TPRM Framework: The Complete Guide to Third-Party Risk Management in 2026

A third-party risk management (TPRM) framework is the structured set of policies, processes, and controls your organization uses to identify, assess, monitor, and respond to risks introduced by vendors, suppliers, and service providers. Several standards and regulations shape third-party risk management, including SOC 2 and ISO 27001 as assurance frameworks, HIPAA for covered entities and…