For years, Governance, Risk & Compliance (GRC) operated as a checkpoint function — periodic audits, policy reviews, and compliance exercises conducted once or twice a year. Organizations prepared for audits, passed assessments, and moved on.
To be compliant with a Vendor Risk Management (VRM) framework, a company must impose clear, enforceable restrictions and requirements on vendors. These controls reduce cybersecurity, legal, and operational risk and are typically embedded in policies, contracts, and technical controls.
