A Third-Party Risk Management Framework Template: 10 Critical Elements

Build a third-party risk management framework that stands up to today’s threats—and tomorrow’s scrutiny.

Third-party risk is no longer just a cybersecurity issue—it’s a business imperative. As regulatory demands tighten and digital ecosystems expand, organizations need a third-party risk management framework that goes beyond checkbox assessments and ad hoc processes.

This eBook serves as your third-party risk management framework template—a structured, scalable guide to managing vendor and third-party cyber risk at every stage of the vendor lifecycle. You’ll discover how to build a defensible, data-driven program that enables visibility, accountability, and continuous improvement.

Whether you're starting from scratch or enhancing an existing third-party risk management program, you’ll learn how to strengthen assessments, streamline workflows, and foster cross-functional collaboration—all while ensuring defensibility and speed.

What you'll learn from this template: 

  • Why traditional TPRM practices fall short in today’s dynamic threat landscape
  • The 10 critical pillars of a resilient third-party risk management framework—from vendor selection to offboarding
  • How to align stakeholders, automate critical workflows, and integrate continuous monitoring into your strategy
  • Why Bitsight’s trusted data and insights are essential for faster, smarter third-party risk decisions
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