Third-Party Risk Management Building, Assessing, and Monitoring Risk Across the Vendor Lifecycle

Every third-party relationship creates opportunity-but it also creates risk.
Whether it's a cloud provider, software vendor, payment processor, or outsourced service provider, a single vendor failure can lead to cybersecurity breaches, operational disruption, regulatory penalties, financial loss, and reputational damage.
The question isn't whether third-party risk exists.
It's whether your organization is prepared to manage it.
Third-Party Risk Management is a practical, step-by-step guide to building, improving, and operating an effective Vendor Risk Management program. Designed for today's risk professionals, this book goes beyond theory to provide actionable guidance you can apply immediately-whether you're creating a new program or strengthening an existing one.
Inside, you'll learn how to: Build a scalable Third-Party Risk Management program
Establish governance, policies, and clear accountability
Classify vendors using a risk-based approach
Perform effective vendor due diligence and risk assessments
Evaluate cybersecurity, privacy, financial, operational, and compliance risks
Review SOC reports with confidence
Strengthen contract risk management and vendor oversight
Manage remediation, exceptions, and risk acceptance
Implement continuous monitoring throughout the vendor lifecycle
Measure program effectiveness with meaningful metrics and executive reporting
Improve audit readiness and support regulatory compliance
Whether you work in financial services, healthcare, technology, government, or any organization that relies on third parties, the principles in this book are practical, framework-neutral, and designed to scale with organizations of any size.
Ideal for Third-Party Risk Managers, Vendor Risk Professionals, IT Risk and Cybersecurity teams, Governance, Risk & Compliance (GRC) professionals, Internal Auditors, Compliance Officers, Procurement teams, and risk consultants, this book provides a clear roadmap for building a mature, risk-based Third-Party Risk Management program.
If you're ready to strengthen governance, reduce vendor risk, improve regulatory compliance, and better protect your organization from third-party threats, Third-Party Risk Management will become an essential resource you'll return to throughout your career.

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