Third party risk management requires a commitment to an organization’s entire operational risk profile. It’s a challenge, since third party risks often occur in areas that have no “owner,” and are therefore easily overlooked. Consequences can be far-reaching for overlooking risks associated with third parties, including lost customers due to a third party’s poor-quality service, data breaches resulting from their poor security practices, or supply chain issues stemming from poor disaster recovery procedures. The significant jump in the use of third parties in business has compounded the risks associated with them and escalated potential consequences.
The following articles about third party risk management address various aspects, including third party due diligence and third party risk assessments.
New out-of-the-box configuration provides quick-to-deploy, comprehensive solution for third-party risk management CONCORD, MASS. – ProcessUnity, a leading provider of cloud-based applications ...
Nielsen’s Kevin Alvero and Randy Pierson explore the fundamental elements that should be included in any approach to doing internal ...
Panorays’ Director of Risk & Compliance, Dov Goldman, provides background on several of this year’s most noteworthy data breaches and ...
The Shared Assessments member-led consortium for third-party risk management has introduced an assessment and monitoring module, the latest addition to ...
What might be among the largest regulatory and compliance burdens organizations face in the near future? Operational Resilience. Protiviti’s Ron ...
A recent survey of compliance and procurement professionals finds cybersecurity risk and artificial intelligence adoption top list of concerns Short ...
With the average cost of a data breach in 2019 as high as $3.9 million, it’s imperative for companies to ...
In the last two years, the United States and its international allies have significantly increased the use of sanctions against ...
Cowden Associates CEO Elliot Dinkin discusses the liability health care organizations assume when enlisting the services of a “business associate” ...
If your business activities take place in the U.S., you need to be doing OFAC screening. Michael Volkov offers five ...
The FTC has handed Facebook the largest privacy fine in history. Russ Berland explores how privacy risks in the U.S. are ...
The eventuality of a cyber attack is cause for concern for all kinds of organizations, but lately the financial services ...
