The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding Third-Party Risk Exchange
A third-party risk exchange is a platform or network that facilitates the sharing of risk information and assessments about third-party vendors among multiple organizations. These exchanges allow companies to access vendor risk data collected by others, helping them evaluate vendor risk profiles more efficiently and make informed decisions. For TPRM professionals, third-party risk exchanges streamline the vendor assessment process by providing a centralized source of verified data on vendors’ cybersecurity, compliance, and risk management practices.
Risk exchanges are particularly valuable for companies with extensive vendor networks, as they reduce redundancy and increase transparency in risk assessments. At CORL, we provide a robust third-party risk exchange to help organizations avoid duplicating efforts, minimize time spent on vendor due diligence, and gain quicker insights into vendor risks.