Module 4 · Third-Party Risk Management

Manish Garg
Manish Garg Associate of (ISC)² · RingSafe
Apr 22, 2026
5 min read
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Last updated: April 29, 2026

Vendor classification, assessment workflow, contractual provisions, continuous monitoring, India-specific regulations.

Third-party risk management (TPRM) is the discipline of identifying, assessing, and continuously monitoring the security risks introduced by your vendors and partners. Most modern breaches involve a third party — either as the source of compromise or as the path to it. This module covers the operating model, assessment workflow, ongoing monitoring, and the contractual provisions that matter.

Why TPRM is hard

  • You don’t control vendor systems — only your relationship with them
  • Vendors range from huge (AWS, Azure) to tiny (a 3-person SaaS that does one critical thing)
  • One-time assessments age quickly; vendor security posture changes
  • The risk is often invisible — you cannot see your vendor’s controls daily
  • Regulatory expectations are rising fast (DPDP, EU DORA, RBI third-party risk guidance)
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