This checklist provides a practical framework for simplifying third-party risk management from onboarding through offboarding. It begins with creating a centralized vendor inventory, assessing vendor risk profiles, sending dynamic onboarding questionnaires, and validating certifications such as ISO and SOC reports. Ongoing monitoring steps include regular reassessments, tracking security and privacy controls, updating questionnaires as risks evolve, and centralizing documentation. The final section addresses secure vendor offboarding, including revoking access, retrieving or destroying data, performing final risk assessments, and keeping vendor records current. The checklist is designed to reduce complexity while maintaining consistent risk oversight and compliance.

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