Third-party (or Supply Chain) Risk Management (TPRM) is a process that organizations use to identify and reduce risks associated with their business relationships with third parties. Third parties can include vendors, suppliers, contractors, and service providers, and often, these partners are your biggest security risk. This session discusses controls specifically for these third-party relationships.

This course is a part of IT Audit Bytes series. The other Segments of this series are:

  1. IT Audit Bytes - Access Control
  2. IT Audit Bytes - Backup and Recovery
  3. IT Audit Bytes - Change Management
  4. IT Audit Bytes - Cybersecurity
  5. IT Audit Bytes - Data Loss Prevention
  6. IT Audit Bytes - Disaster Recovery and BCP
  7. IT Audit Bytes - IT Control Frameworks
  8. IT Audit Bytes - Job Monitoring
  9. IT Audit Bytes - Logging and SEIM
  10. IT Audit Bytes - Network Security and Detection
  11. IT Audit Bytes - Password Management
  12. IT Audit Bytes - Physical Security
  13. IT Audit Bytes - Provisioning and Deprovisioning
  14. IT Audit Bytes - SDLC Controls
  15. IT Audit Bytes - Security Awareness Training
  16. IT Audit Bytes - Separation of Duties Controls
  17. IT Audit Bytes - SOC Reports
  18. IT Audit Bytes - Strategy and Governance
  19. IT Audit Bytes - Third-Party IT Risk Management (TPRM)
Learning Objectives
  • Explore and relate NIST Framework controls to real-world applications.
  • Identify and list the tests auditors can perform on TPRM controls.
  • Identify real-world examples of control failures.
Last updated/reviewed: March 04, 2025
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Third-Party IT Risk Management (TPRM)1:56
  How TPRM Matters14:48
  Control Testing9:06
CONTINUOUS PLAY
  IT Audit Bytes - Third-Party IT Risk Management (TPRM)25:50
SUPPORTING MATERIAL
  Slides: IT Audit Bytes - Third-Party IT Risk Management (TPRM)PDF
  IT Audit Bytes - Third-Party IT Risk Management (TPRM) GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam