Threat and Vulnerability Management (TVM) is essential for organizations to proactively identify, assess, and mitigate cybersecurity threats and vulnerabilities, thereby safeguarding sensitive data and ensuring business continuity. The process includes steps such as asset inventory, threat identification, vulnerability assessment, risk prioritization, remediation, and continuous monitoring. Best practices for effective TVM involve establishing a structured framework, leveraging automation, engaging stakeholders, and maintaining up-to-date knowledge on emerging security threats.