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Understanding Third-Party Risk Management (TPRM) in Cybersecurity As organizations expand their operations and rely more heavily on third-party vendors for services and solutions, the scope of their cybersecurity vulnerabilities also broadens. Third-Party Risk Management (TPRM) is the practice of identifying, assessing, and mitigating risks associated with third-party relationships, particularly in the context of cybersecurity. Third parties include suppliers, contractors, service providers, software vendors, and even clients can indeed introduce risks into an organization's ecosystem. While these partnerships are crucial for operational efficiency, they can also serve as entry points for cyberattacks. Below, we explore the importance of TPRM, outline its key components, and examine real-world examples of cyber incidents caused by third-party vulnerabilities. Why is TPRM Critical? When an organization engages with a third party, it often grants access to sensitive data, syste