{"product_id":"third-party-and-vendor-risk-management-basics","title":"Third-Party and Vendor Risk Management Basics","description":"\u003cp class=\"isSelectedEnd\"\u003e\u003cspan\u003eThird-party vendors play a critical role in modern business operations, providing technology, cloud services, logistics, professional advice, payroll, cybersecurity, and other essential business functions. While outsourcing can improve efficiency and innovation, it also introduces significant operational, cyber, privacy, compliance, financial, and reputational risks. The \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eThird-Party and Vendor Risk Management Basics\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e course provides practical, Australia-focused training to help organisations identify, assess, manage, and monitor third-party risks throughout the vendor lifecycle.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"isSelectedEnd\"\u003e\u003cspan\u003eAustralian organisations are increasingly expected to maintain effective oversight of suppliers, contractors, service providers, and other third parties. Regulatory frameworks such as \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eAPRA CPS 230\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e, the \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003ePrivacy Act 1988\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e, and the \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eSecurity of Critical Infrastructure (SOCI) Act\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e require organisations to understand outsourcing risks, perform vendor due diligence, strengthen contractual controls, and maintain operational resilience. Poor vendor governance can expose organisations to cyber incidents, privacy breaches, business disruption, regulatory penalties, and reputational harm.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"isSelectedEnd\"\u003e\u003cspan\u003eThis comprehensive online \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eThird-Party and Vendor Risk Management Basics\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e course explains how to build an effective third-party risk management (TPRM) framework using practical, real-world examples. Participants will learn how to classify vendors, conduct risk-based due diligence, assess cybersecurity and privacy risks, evaluate fourth-party exposure, strengthen contracts, monitor vendor performance, and support business continuity. The course also explores governance, board reporting, operational resilience, and continuous monitoring practices that help organisations reduce supplier-related risks and improve regulatory compliance.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"isSelectedEnd\"\u003e\u003cspan\u003eThrough realistic workplace scenarios, practical examples, and interactive learning, participants will develop the confidence to assess supplier risks, strengthen vendor oversight, improve governance, and support resilient business operations. Whether you are a procurement professional, risk manager, compliance practitioner, business owner, operations manager, IT leader, or governance professional, this course provides practical knowledge to help your organisation build stronger supplier relationships while protecting critical business functions and maintaining regulatory compliance.\u003c\/span\u003e\u003c\/p\u003e\n\u003cdiv\u003e\u003chr\u003e\u003c\/div\u003e","brand":"Australian Compliance Training","offers":[{"title":"Default Title","offer_id":54387878265173,"sku":null,"price":129.0,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0970\/9541\/8197\/files\/ChatGPTImageJul16_2026_05_54_17PM_1.png?v=1784202882","url":"https:\/\/australiancompliancetraining.com\/products\/third-party-and-vendor-risk-management-basics","provider":"Australian Compliance Training","version":"1.0","type":"link"}