1 year ago

Vendor criticality is the level of risk that vendors are categorized into during the risk assessment phase. Determining vendor criticality is an essential part of the third-party risk management (TPRM) program to help organizations better prioritize their risk remediation goals.

https://www.upguard.com/product/risk-assessments>Why is Determining Vendor Criticality Important in a Vendor Risk Management Program?

Through a combination of the following methods, organizations can view vendor risks, determine vendor criticality, and take action to help their third-party vendors mitigate their risks.

Security questionnaires, vendor security ratings, vendor risk assessments, and remediation requests can all be managed within the UpGuard platform.